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.
B) Recording amortization on office computers purchased during the year.
C) Recording the loss on the sale of equipment made during the year.
D) Reducing the prepaid rent account for the portion of rent consumed.
Correct Answer:
Verified
Correct Answer:
Verified
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