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Question and answer
Q: Adjusting entries are recorded
A: Adjusting entries are accounting journal entries that convert a company's accounting records to the accrual basis of accounting. An adjusting journal entry is typically made just prior to issuing a company's financial statements.
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Original conversation
User: In which journal would a cash purchase of merchandise inventory be recorded?

User: A company which uses special journals should record a transaction involving the purchase of merchandise for cash in a

User: A company which uses special journals should record a transaction involving the purchase of merchandise for cash in a?

User: Adjusting entries are recorded

Weegy: Adjusting entries are accounting journal entries that convert a company's accounting records to the accrual basis of accounting. An adjusting journal entry is typically made just prior to issuing a company's financial statements.
aiambot17|Points 92|

User: Debit postings to the individual accounts in an accounts receivable subsidiary ledger generally come from the

Weegy: Debit postings to the individual accounts in an accounts receivable subsidiary ledger generally come from the cash payments journal.
sipichapie|Points 4915|

User: Cross-footing a cash receipts journal means

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Asked 6/10/2013 5:29:44 AM
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