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Adjusting Entries (Word Scramble)

Author:
Harold Averkamp, CPA, MBA

To see each answer, press or click on the blue "Unscramble" button. If you have difficulty answering the following questions, learn more about this topic by reading our Adjusting Entries (Explanation).

1. Adjusting entries are associated with this accounting principle.

MATCHING IHTNCAMG
MATCHING TMNICHAG

2. These are a common type of adjusting entries.

ACCRUALS UALRCSCA
ACCRUALS CUSAARCL

3. Another name for adjusting entries that involve prepayments.

DEFERRALS REALSDFRE
DEFERRALS RDFRSELAE

4. The type of account involved with the deferral of revenues.

LIABILITY LAYLIBITI
LIABILITY ABLYIILTI

5. This type of account is part of the entry to accrue revenues.

ASSET STESA
ASSET STSAE

6. An accrual entry involving a liability will also include this type of account.

EXPENSE EEENXPS
EXPENSE NXPSEEE

7. A common adjusting entry pertaining to plant assets is the recording of ______________.

DEPRECIATION PNERIDOCEIAT
DEPRECIATION TCOPAINEDERI

8. The contra account to accounts receivable is the ____________ for doubtful accounts.

ALLOWANCE LEANAOWLC
ALLOWANCE EANLWACLO

9. Adjusting entries are usually dated as of the date of the _________ sheet.

BALANCE BAAECLN
BALANCE CANAEBL

10. _________-type adjusting entries are often reversed on the first day of the next accounting period.

ACCRUAL CUACRAL
ACCRUAL LRAUACC

11. The expired amount of prepaid insurance premiums should be reported in the account Insurance __________.

EXPENSE EXNESPE
EXPENSE PNEESEX

12. An accrual that leads to an increase in assets will likely involve ___________.

REVENUES EERVUNES
REVENUES VRNSEUEE

13. Each adjusting entry affects at least one _________ statement account.

INCOME CIMEON
INCOME EOCMNI

14. The account credited in the adjusting entry for depreciation is ______________ Depreciation.

ACCUMULATED CTDUECALUMA
ACCUMULATED UDLACCTEUMA

15. One purpose of adjusting entries is to report revenues in the accounting period in which they are __________.

EARNED AEENDR
EARNED EREDAN

16. Accruing revenues will include a debit to a _____________ account.

RECEIVABLE ECEAVIELRB
RECEIVABLE ELERCABVIE

17. Accruing expenses will include a credit to a ___________ account.

LIABILITY IIATLYLBI
LIABILITY YALLIIIBT

18. To avoid the double counting of accrued expenses, ____________ entries are made on the first day of the next accounting period.

REVERSING SRGVIEREN
REVERSING GREERSNIV

19. An expense incurred but not yet recorded or paid will require an ___________-type adjusting entry.

ACCRUAL CULCARA
ACCRUAL RAALCCU

20. ____________ revenues should be reported as a liability.

UNEARNED NREDUNAE
UNEARNED UDNAEENR
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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

Learn More About Harold

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