Sentences with ADJUSTING-ENTRY
Check out our example sentences below to help you understand the context.Sentences
1
"One common adjusting entry is to record depreciation expense for fixed assets."
2
"The adjusting entry for prepaid expenses is to debit the expense account and credit the asset account."
3
"Accrued revenue is often recorded through an adjusting entry."
4
"An adjusting entry is needed to recognize revenue that has been earned but not yet billed."
5
"An adjusting entry is made to record an expense that has been incurred but not yet paid."
6
"The adjusting entry for unearned revenue is to debit the liability account and credit the revenue account."
7
"An adjusting entry is required to account for estimated bad debts."
8
"To adjust for the passage of time, an adjusting entry is made to record interest income."
9
"The adjusting entry for accrued expenses involves debiting an expense account and crediting a liability account."
10
"A common adjusting entry relates to the recognition of prepaid insurance as an expense over time."
11
"An adjusting entry is needed to account for the use of supplies during an accounting period."
12
"Depreciation expense is recognized through an adjusting entry in order to allocate the cost of an asset over its useful life."
13
"The adjusting entry for accrued salaries involves debiting the salaries expense account and crediting a liability account."
14
"An adjusting entry is made to record revenue for services that have been provided but not yet billed."
15
"The adjusting entry for prepaid rent is to debit the rent expense account and credit the asset account."
16
"To recognize the revenue associated with a long-term project, an adjusting entry is necessary."
17
"The adjusting entry for accrued interest involves debiting an interest expense account and crediting a liability account."
18
"An adjusting entry is used to recognize the cost of goods sold for inventory that has been sold but not yet recorded."
1
"The adjusting entry for depreciation expense was necessary to allocate the cost of the asset over its useful life."
2
"To correct an error in the financial statements, the accountant made an adjusting entry to adjust the accounts receivable balance."
3
"By recording an adjusting entry for prepaid expenses, the accountant recognized the consumed portion as an expense."
4
"The adjusting entry for unearned revenue was made to reflect the portion of the revenue earned during the reporting period."
5
"An adjusting entry for inventory shrinkage was necessary to reduce the value of inventory that was lost or stolen."
6
"To match revenue and expenses in the correct accounting period, an adjusting entry for accrued revenue was recorded."
7
"The adjusting entry for interest payable was made to recognize the interest expense that had accrued but not yet been paid."
8
"An adjusting entry for accrued wages was recorded to account for wages earned by employees but not yet paid."
9
"By making an adjusting entry for bad debts, the accountant estimated and recognized the portion of accounts receivable that is unlikely to be collected."
