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2026-09-21 20:51:47 -

How to Record an Accrued Expense Adjusting Entry Correctly

Businesses often receive services or use resources before they actually pay for them. For example, employees may earn wages at the end of a month, but the company may not pay those wages until the following month. The expense has already occurred even though the cash payment has not. This is where an accrued expense adjusting entry becomes important. An accrued expense is a cost that a...

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