Which of the Following Situations Does Not Require an Adjusting

question 143

Multiple Choice

Which of the following situations does not require an adjusting entry at the end of May?

• A)At the end of May,Bolton Industries pays the custodian for May office cleaning services.
• B)On May 1,Bolton Industries paid rent for six months on its office building.
• C)On May 1,Bolton Industries began delivery service to a client who will pay at the end of a three-month period.
• D)On May 1,Bolton Industries purchased delivery equipment with an estimated useful life of six years.

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Definitions:

Free Speech

The right to express any opinions without censorship or restraint.

Privatization

The process of transferring ownership of a business, enterprise, agency, public service, or public property from the government to private individuals or organizations.

International Businesses

Companies that conduct commerce across national borders, engaging in international trade or investment.

Privatization

The transfer of ownership and management of enterprises from the public sector (government) to private individuals or organizations.