Which of the accounts below would most likely appear on an adjusted trial balance but probably would not appear on the trial balance?
A) Fees Earned
B) Accounts Receivable
C) Unearned Fees
D) Depreciation Expense

Question

Quizplus · Accepted Answer

Depreciation expense is an example of an adjusting entry that is made at the end of an accounting period to allocate the cost of fixed assets over their useful lives. It is unlikely to appear on the trial balance because it is not part of the day-to-day transactions of the business, but it will appear on the adjusted trial balance because it is part of the overall financial statements.

Which of the Accounts Below Would Most Likely Appear on an Adjusted