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What are reverse two type of adjusting entries

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Reference no: EM132572643

Question 1: Reversing entries are used to reverse two type of adjusting entries:

Option 1: accrued revenue and unearned revenues.

Option 2: prepayments and unearned revenues.

Option 3: accrued revenue and expenses.

Option 4: prepayments and accrued expenses.

Reference no: EM132572643

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