Which of the following is an example of a transactional entry?
A)Recording depreciation expense.
B)Recognizing unearned revenue that has been earned.
C)Recording interest expense that has accrued but not been paid.
D)Paying wages that were outstanding.

Question

Quizplus · Accepted Answer

Paying wages that were outstanding is an example of a transactional entry, as it is a direct exchange of assets (cash) for an expense incurred (wages owed to employees). The other options are examples of adjusting entries as they involve recognizing previously unrecorded expenses or revenues.

Which of the Following Is an Example of a Transactional