Test your Junior-level Adjusting Entries skills in Core Accounting Processes. This timed assessment evaluates your expertise in Accounting.
Duration: 5 minutes
•40 questions
Time Remaining: 05:00
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40 questions remaining
Question 1 of 40Assessment
A consulting firm received a $10,000 retainer on May 1. By May 31, it had earned $4,000 of the retainer. The adjusting entry on May 31 would include a credit to: