Which of the Following Does Not Require an Adjusting Entry

question 155

Multiple Choice

Which of the following does not require an adjusting entry at year-end? 114)

• A)Expired portion of prepaid insurance.
• B)Accrued interest on notes payable.
• C)Accrued wages.
• D)Cash invested by owner.
• E)Supplies used during the period.

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Definitions:

Non-Unionized Industries

Sectors of the economy where labor unions do not represent the workforce, often resulting in different labor standards and wages.

Minimum Wage

The lowest hourly, daily, or monthly remuneration that employers may legally pay to workers.

Structural Unemployment

Unemployment caused by changes in the industrial makeup of an economy or technological innovations that render certain job skills obsolete.

Equilibrium Wage

The pay rate where the amount of work offered matches the amount of work required.