Adjusting Journal Entries - Revenue Accrual and Deferral

In this assignment, you will practice adjusting journal entries relating to revenue accrual and deferral. You will need to not only understand the accounts that should be debited or credited, but you will also need to be able to calculate the amounts of any adjustment.

Relevant Excel Functions

This assignment will require you to be able to use some or all of the following Excel functions. Click on the hyperlinked section number next to the relevant Excel skill to be directed to a page showing how to perform the assigned task in Excel:

  • Drop-Down Lists (1.10)

  • Basic Calculations (1.3)

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