Which of the Following Is Not an Example of an Adjusting

Multiple Choice

Which of the following is not an example of an adjusting entry?

A) recognition of depreciation on equipment purchased during the year
B) recording the expiration of a portion of the cost of prepaid insurance that was purchased during the previous year
C) recognition of income tax expense on the net income earned during the period
D) recording of collections received from customers during the period
E) recognition of warranty expense on cars sold during the period