# data[].attributes.body
Accounts payable 4,000

Notes payable 4,000

To properly classify the liability

# data[].attributes.body
Payroll liability 234,000

Payroll expense 234,000

To reverse payroll applicable to a prior period

# data[].attributes.body
Short term investments - FV-NI

Gain on short term investments - FV-NI

To record a gain on the FV-NI investment

# data[].attributes.body
Cash 3,000

Unearned revenue 3,000

To record sales of future consulting services

# data[].attributes.body
Depreciation expense 3,250

Accumulated depreciation 3,250

To record monthly depreciation expense

# data[].attributes.body
Warranty expense 20,000

Warranty liability 20,000

To record estimated warranty liability

# data[].attributes.body
Inventory 5,000

Accounts Payable 5,000

To record inventory in transit.

# data[].attributes.body
Corrections - entries made to counteract the effects of errors found in the GL.

# data[].attributes.body
Recurring entries - entries that are repeated each accounting period.

# data[].attributes.body
Revaluations - entries made to reflect either differences between the accrual recorded value of an asset or a change in accounting principle.

# data[].attributes.body
Reversing Entries - entries that reverse in the following accounting period.

# data[].attributes.body
Estimates - entries that reflect a portion of expenses expected to occur over a number of accounting periods.

# data[].attributes.body
Deferrals - Entries made at the end of an accounting period to reflect the exchange of cash prior to the performance of the related event.

# data[].attributes.body
Accruals - events that have occurred for which there is no transaction in the computer system.