Which of the following does not require an adjusting entry at year-end? 114)
A)Expired portion of prepaid insurance.
B)Accrued interest on notes payable.
C)Accrued wages.
D)Cash invested by owner.
E)Supplies used during the period.

Question

Quizplus · Accepted Answer

Cash invested by the owner is not an expense or revenue item and therefore does not require an adjusting entry.

Which of the Following Does Not Require an Adjusting Entry