Paper , Order, or Assignment Requirements

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.

Part II

Complete problem set P4-2A in Ch. 4 of Financial Accounting.