1. Chapter 4 Adjusting Revenues & Expenses at the end of the period

• Read pages 167 to 175, p 183

The unadjusted trial balance

Adjustments forDeferrals ( deferred/unearned revenue;deferred expenses)

Adjustments forAccruals(accrued revenues & expenses)

Ratio:net profit margin

Closing : temporary vs. permanent accounts

2. 3. 4. 5. 6. 7. 8. Deferrals/ Prepayments

Deferred/ UnearnedRevenues

(receipt of cash in advance of revenue recognition)

DeferredExpenses( payment of cash in advance of expense recognition)

*prepaid expenses

*supplies

*property & equipment

9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Deferred expenses : Supplies 21. Adjustment for Supplies 22. Deferred expenses : Property & Equipment 23. 24. 25. 26. Accruals

Accrued Revenues :revenues earned that have not yet been previously recorded

Accrued Expenses :expenses incurred that have not yet been previously recorded

27. 28. 29. 30. 31. 32. 33. 34. 35. 36. 37. Homework ManagerAssignment

M 4-2

M 4-3

M 4-4

M 4-6

E4-4

E4-10

38. Answer Key to end-of-chapter MC Questions

1.b)2.a)3.d)4.c)

5.d)6.d)7.a)8.c)

9.d)10.b)