Which of the following items is NOT classified as an adjusting entry? a) prepaid expenses
B) accrued expenses
C) unearned revenues
D) owner's capital
Correct Answer:
Verified
Q61: The preparation of adjusting entries is
A) straight
Q62: An adjusting entry
A) affects two balance sheet
Q62: On June 28, Bronnie's provided consulting services
Q63: Under the accrual basis of accounting
A) cash
Q65: A company spends $10 million dollars for
Q67: A dress shop makes a large sale
Q68: A furniture factory's employees work overtime to
Q69: Adjusting entries are required
A) because some costs
Q70: Shediac Bay Marina has a September 30
Q71: Adjusting entries are needed a) every time
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