Which of the Following Journal Entries Is Created as the Result

question 135

Multiple Choice

Which of the following journal entries is created as the result of a deferral? A. Salaries expense
$\quad$ Salaries payable
B. Interest expense
$\quad$ Interest payable
C. Cash
$\quad$ Unearned revenue
D. Accounts receivable
$\quad$ Deferred revenue

• A) Option A
• B) Option B
• C)Option C
• D)Option D

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Definitions:

Monetary Benefits

The financial gains one receives from employment or investment, including salary, dividends, or interest.

Wholesalers

Businesses that sell goods in large quantities at lower prices, primarily to retailers or other businesses, rather than directly to consumers.

Retail Outlets

Physical stores that sell goods directly to the public for personal or household consumption, as opposed to wholesale transactions.

Transportation Companies

Businesses that provide services to move goods or individuals from one location to another, using various modes of transport.