Which of the following items DOES NOT require an adjusting entry? Prepaid Rent Unearned Ticket Revenue. 40 O Owner investments. Depreciation Moving to another question will save this response. 1.5 int Acompany had no office su bile at the beginning of moyo Ouring the yw, the company purchased to worth of Once 01.3/5 wurde opremained How much thout the company reports o suppresponse to your 5175 5125 $325 Which of the following assets is NOT depreciated? Land Computers Buildings Trucks. On July 1, a company paid the $2.400 premium on a one year insurance policy with bonudits beging on to what we be the amount of the power year ending on December 31 $2.400 51.200 $400 51400 A company purchased a new delivery van at a cost of $45.000 on January 1 The delivery van is estimated to have a use of years and a salvage 53.000. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the van during the first year ended December 317 $3.250 $7.000 $4.000 $7.500 A company made no adjusting entry for accrued and unpaid employee wages of $28,000 on December 31. This oversight would Understate net income by $28,000. Understate assets by $28,000 Overstate assets by $28,000, Overstate net income by $28,000. Unearned revenue is reported in the financial statements as: a liability on the balance sheet. a revenue on the balance sheet. an asset on the balance sheet. an unearned revenue on the income statement. VVV On January 1. Fashion Magsrine received $15,000 to subscribers for the annual tortion that record in den Theo that subscribers montivy. What amount of subscription revence should the magazine on January 31 where is 50 315.000 51.250 87.500