Question: Which of the following does not require an adjusting entry at year-end? Select one: o a. Accrued wages. O b. Expired portion of prepaid insurance.

 Which of the following does not require an adjusting entry at

year-end? Select one: o a. Accrued wages. O b. Expired portion of

prepaid insurance. o c. Supplies used during the period. d. Cash invested

by owner. e. Accrued interest on notes payable. Prepaid expenses, depreciation, accrued

Which of the following does not require an adjusting entry at year-end? Select one: o a. Accrued wages. O b. Expired portion of prepaid insurance. o c. Supplies used during the period. d. Cash invested by owner. e. Accrued interest on notes payable. Prepaid expenses, depreciation, accrued expenses, unearned revenues, and accrued revenues are all examples of: Select one: a. Asset and equity. b. Asset accounts. c. Items that require contra accounts. d. Items that require adjusting entries. e. Income statement accounts. ABC Restaurant received RM5,000 from a customer as booking fee for a birthday banquet for 1,000 guests, which is scheduled in three month's time. How should ABC restaurant record this entry at the time of receiving the booking fee? 0 Select one: O a. Dr. Bank, Cr. Prepaid revenue RM5,000 O b. Dr. Bank, Cr. Revenue RM5,000 O c. Dr. Prepaid revenue, Cr. Bank RM5,000 o d. Dr. Prepaid revenue, Cr. Revenue RM5,000 On 30 June Delima Bersaudara paid RM7,500 cash for management services to be performed over a two-year period. Delima Bersaudara follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. On 30 June Delima Bersaudara should record: Select one: O a. Acredit to an expense for RM7,500. O b. A debit to Cash for RM7,500. O c. A debit to a prepaid expense for RM7,500. O d. A debit to an expense for RM7,500. O e. A credit to a prepaid expense for RM7,500

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