Which one of the accounts below would likely be included in an accrual adjusting entry?
A) Insurance Expense
B) Prepaid Rent
C) Interest Expense
D) Unearned Rent

Name: Which one of the accounts below would likely be included in an accrual adjusting entry? A) Insurance Expense B) Prepaid Rent C) Interest Expense D) Unearned Rent
Brand: Quizplus
Rating: 5.0 (35 reviews)

Question

Quizplus · Accepted Answer

Interest Expense is typically included in an accrual adjusting entry to recognize interest that has been incurred but not yet paid.

Which One of the Accounts Below Would Likely Be Included