Which of the following accounts would require an adjustment when making an adjusting entry for a deferral?
A) Accrued interest
B) Unearned rent
C) Salary expense
D) Notes receivable

Question

Quizplus · Accepted Answer

Unearned rent is a type of deferral account, meaning that cash was received before revenue was earned. Therefore, an adjusting entry is needed to recognize the portion of the rent that has been earned during the accounting period. Accrued interest, salary expense, and notes receivable are not deferral accounts and would not require adjustment for deferral.

Which of the Following Accounts Would Require an Adjustment When