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Business, 16.08.2021 20:20 jackiecroce1

Define an adjusting journal entry. Multiple choice question. An adjusting journal entry is made at the end of an accounting period to reflect a transaction or event that is not yet recorded. An adjusting journal entry is made at the end of an accounting cycle to update the fair market value of land, equipment and building accounts. An adjusting journal entry is made at the beginning of an accounting period to reflect a transaction or event that is not yet recorded. An adjusting journal entry is made to Cash and cash equivalent accounts to recognize outstanding checks.

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