Which of the following is not an adjusting entry? a. Debit Wages Expense Credit Wages Payable. b. Debit unearned revenues, Credit revenue. c. Debit Cash, Credit unearned revenues. d. Debit Insurance Expense, Credit Prepaid Insurance.
Which of the following is not an adjusting entry? a. Debit Wages Expense Credit Wages Payable. b. Debit unearned revenues, Credit revenue. c. Debit Cash, Credit unearned revenues. d. Debit Insurance Expense, Credit Prepaid Insurance.
Chapter5: Completing The Accounting Cycle
Section: Chapter Questions
Problem 1MC: Which of the following accounts is considered a temporary or nominal account? A. Fees Earned Revenue...
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Question
Which of the following is not an adjusting entry ?
a.
Debit Wages Expense Credit Wages Payable.
b.
Debit unearned revenues, Credit revenue.
c.
Debit Cash, Credit unearned revenues.
d.
Debit Insurance Expense, Credit Prepaid Insurance.
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