ACC 300 Week 3 Learning Team Working With Financial Statements
Part I:
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Get Help Now!Write a 1,400- to 1,750-word paper explaining the following:
· Revenue recognition principle
· Expense recognition principle
Describe the four situations that require adjusting journal entries and provide one example for each:
· Prepaid expenses
· Unearned revenues
· Accrued expenses
· Accrued revenues
Format the paper consistent with APA guidelines.
Part II
Complete problem set P4-2A in Ch. 4 of Financial Accounting.
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