Which of the following items would require an adjusting entry at the end of each accounting period?

5. Which of the following items would require an adjusting entry at the end of each accounting period? (Points : 2)

       Garnishment for child support payments
       Withholdings for a 401(k) plan
       Vacation pay earned by employees
       Union dues withheld
       None of the above

Answer

Answer: Vacation Pay earned by employees It is discussed in the Financial Accounting Standards Boards Statement No. 43, Acco

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