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expense on the annual income statement for the year ended December 31 , 2011 ? Question 12 . Question : The main purpose of adjusting entries is to :

Record external transactions and events Record internal transactions and events period

Recognize assets purchased during the

Recognize debts paid during the period Correct errors

Question 13 . Question : the financial statements as :

Unearned revenue is reported on

A revenue on the balance sheet A liability on the balance sheet statement

cash flows

An unearned revenue on the income An asset on the balance sheet An operating activity on the statement of

expense on the annual income statement for the year ended December 31 , 2011 ? Question 12 . Question : The main purpose of adjusting entries is to :

Record external transactions and events Record internal transactions and events period

Recognize assets purchased during the

Recognize debts paid during the period Correct errors

Question 13 . Question : the financial statements as :

Unearned revenue is reported on

A revenue on the balance sheet A liability on the balance sheet statement

cash flows

An unearned revenue on the income An asset on the balance sheet An operating activity on the statement of