Write a 1,400- to 1,750-word paper explaining: Revenue recognition principle and Expense recognition principle

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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.

Complete problem set P4-2A in Ch. 4 of Financial Accounting. CHAPTER 4.docx 

 
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