Which of the following could appear in an adjusting entry, closing entry, and reversing entry?
A) Salary Expense
B) Withdrawals
C) Depreciation Expense, Buildings
D) Accumulated Depreciation, Buildings

Question

Quizplus · Accepted Answer

Salary Expense could appear in an adjusting entry to record accrued salaries, in a closing entry to close out the expense account to income summary, and in a reversing entry to reverse the accrual at the beginning of the next period.

Which of the Following Could Appear in an Adjusting Entry