Activity Instructions This assignment addresses the impact of adjusting entries on financial statements and will help you to demonstrate your understanding of deferred revenue, deferred expense, accrued revenue, and accrued expense, as well as your understanding of the accounting entries that record these items in the accounting system. Complete P4-7 (page 209)  Submission Requirements All quantitative assignments must be completed on the Microsoft Excel templates provided. Create one workbook with multiple tabs, copying each problem's template onto a separate tab and completing the work there. Submit this single file in the assignment area. Include your name and the assignment number in the file name; also include your name and the problem number on each tab of the document. All work should be shown. Assignments must not be submitted as a PDF. .

1. Activity Instructions
This assignment addresses the impact of adjusting entries on
financial statements and will help you to demonstrate your
understanding of deferred revenue, deferred expense, accrued
revenue, and accrued expense, as well as your understanding of
the accounting entries that record these items in the accounting
system.
Complete P4-7 (page 209)
Submission Requirements
All quantitative assignments must be completed on the
Microsoft Excel templates provided. Create one workbook with
multiple tabs, copying each problem's template onto a separate
tab and completing the work there. Submit this single file in the
assignment area. Include your name and the assignment number
in the file name; also include your name and the problem
number on each tab of the document. All work should be shown.
Assignments must not be submitted as a PDF.