Multiple Choice
Which of the following accounts would most likely NOT need to be adjusted at the end of the year?
A) Office Supplies
B) Prepaid Insurance Expense
C) Accumulated Depreciation
D) Cash
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q11: Adjustments are necessary to update account balances
Q75: Equipment was purchased for $50,000, residual value
Q82: Debits must exceed credits on the Statement
Q83: Equipment with a cost of $150,000 has
Q85: When an asset expires or is used
Q88: Equipment with a cost of $500,000 has
Q89: The worksheet is the last financial statement
Q90: The original cost of equipment is not
Q91: Provide the adjusting entries to account for
Q109: Accumulated Depreciation is a contra-asset account found