Multiple Choice
Which of the following is not an example of an adjusting entry?
A) recording unpaid interest at year end relating to an outstanding loan balance at year end
B) recording depreciation on office equipment purchased during the year
C) recording the gain on the sale of equipment made during the year
D) reducing the prepaid rent account for the portion of rent actually used
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Which of the following is the first
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