Multiple Choice
Which of the following entries could not be a legitimate reversing entry?
A) Debit Wages Payable and credit Wages Expense
B) Debit Fees Earned and credit Accounts Receivable
C) Debit Interest Payable and credit Interest Expense
D) Debit Interest Receivable and credit Interest Income
Correct Answer:

Verified
Correct Answer:
Verified
Q59: Reversing entries are never required.
Q60: Accounts Receivable is closed to Income Summary
Q61: The amount of the Withdrawals account can
Q62: A reversing entry<br>A)is made on the last
Q63: During the closing process,revenues are transferred to
Q65: The owner's Capital,Withdrawals,and Income Summary accounts for
Q66: The Income Statement columns of the work
Q67: The balance of the Wages Expense account
Q68: The work sheet is a type of
Q69: Despite the many uses of laptop computers,they