Multiple Choice
Which of the following events does not require a journal entry?
A) Purchase of a one-year insurance policy
B) Agreement to perform a service at a future date
C) Performance of a service agreed to at a past date
D) Payment for a service performed previously
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q55: It is sometimes correct for a compound
Q56: Why is the Dividends account increased by
Q57: Wages payable is a type of liability.
Q58: Given the following ledger account and postings,complete
Q59: The issue of deciding when to record
Q61: Discuss why a company must pay careful
Q62: Which of the following accounts is increased
Q63: Match each definition with the correct term
Q64: Which of the following accounts has a
Q65: The declaration and payment of a dividend