Titles of people, organizations, governments, and publications often require ___________________

Adjusting entries that should be reversed include those for prepaid or unearned items that

a. create an asset or a liability account. b. were originally entered in a revenue or expense account. c. were originally entered in an asset or liability account. d. create an asset or a liability account and were originally entered in a revenue or expense account.

TNT Inc charges $125 per month for a storage unit. In the first quarter of the year, they collected $6,125. Ten customers pre-paid for three months rental in January, seven customers pre-paid for two months rental in February, and five customers paid for one month in March. Using the cash basis of accounting, TNT will recognize ________ in revenue for March and ________ using the accrual basis

A) $0, $3,375 B) $625, $0 C) $1,250, $2,500 D) $625, $2,750