When a Prepaid Expense Is Initially Recorded as an Expense

question 142

Multiple Choice

When a prepaid expense is initially recorded as an expense, the adjusting entry would include a:

• A)debit to a contra account.
• B)debit to a prepaid expense account.
• C)debit to an unearned expense account.
• D)debit to an unearned revenue account.

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Definitions:

Cyclopentene

A cyclic alkene with a five-membered ring and one double bond, classified as a simple hydrocarbon.

Equimolar Mixture

A mixture where the components are present in equal molar quantities.

Reagents

Substances or compounds added to a system in order to bring about a chemical reaction or used to detect the presence of another substance.

Regio-

A prefix used in chemistry to indicate the region or specific position in a molecule where a reaction occurs or a substituent is located.