Which of the Following Does Not Require an Adjusting Entry

question 41

Multiple Choice

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

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

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Definitions:

Target

A specific goal or objective that is aimed to be achieved.

Coercive Power

Power that is based on an agent’s ability to cause an unpleasant experience for a target.

Agent

An individual or entity authorized to act on behalf of another person or organization to create legal relations with third parties.

Unpleasant Experience

An event or situation that causes discomfort, distress, or dissatisfaction, impacting an individual's emotional state.