ACC 300 Week 3 Team Assignment problem 4-2A Get an A++.

ACC 300 Week 3 Team Assignment problem 4-2A Get an A++.

Part I:

Write a 1,400- to 1,750-word paper explaining the following:

·         Revenue recognition principle

·         Expense recognition principle

Describe the four situations that require adjusting journal entries and provide one example for each:

·         Prepaid expenses

·         Unearned revenues

·         Accrued expenses 

·         Accrued revenues

Format the paper consistent with APA guidelines.

ACC 300 Week 3 Team Assignment problem 4-2A Get an A++.