An adjusting entry could be made for each of the following except:
A)Prepaid expenses.
B)Depreciation.
C)Stockholder investments.
D)Unearned revenues.
E)Accrued expenses.

Question

Quizplus · Accepted Answer

Adjusting entries are made for accounts that are not fully up-to-date at the end of the accounting period. Prepaid expenses, depreciation, unearned revenues, and accrued expenses are all examples of accounts that may require adjusting entries. Stockholder investments, on the other hand, are not an account that would typically require an adjusting entry, as they do not represent a transaction that has not yet been recorded or recognized.

An Adjusting Entry Could Be Made for Each of the Following