Which Account Would Normally Not Require an Adjusting Entry

question 176

Multiple Choice

Which account would normally not require an adjusting entry?

• A) Wages Expense
• B) Accounts Receivable
• C) Accumulated Depreciation
• D) Cash

---

Definitions:

Money Supply

is the total amount of monetary assets available in an economy at any given time.

Bond Sale

A bond sale involves the issuance of bonds by an entity to raise capital, where buyers are essentially loaning money to the issuer for a predetermined time period, with the promise of interest payments.

Federal Reserve

The central banking system of the United States, which regulates the U.S. monetary and financial system.

Required Reserve Ratios

The fraction of deposits that regulators require a bank to hold in reserve and not lend out, to ensure bank liquidity.