Which of the Following Transactions Is Most Likely Not to Result

question 198

Multiple Choice

Which of the following transactions is most likely not to result in an adjusting entry at the end of the period?

• A) Performance of a service for which payment was received in advance
• B) Payment of this month's rent
• C) Purchase of office equipment
• D) Purchase of a two-year insurance policy

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Definitions:

John Quincy Adams

John Quincy Adams was the sixth President of the United States, serving from 1825 to 1829, and was known for his strong opposition to slavery and his role in the Amistad case.

White House

The formal dwelling and office of the United States President, positioned at 1600 Pennsylvania Avenue NW, Washington, D.C.

1824

The year marked by the United States presidential election, which was ultimately decided in the House of Representatives, leading to John Quincy Adams’ presidency.

American System

An economic plan that played a prominent role in American policy during the first half of the 19th century, rooted in the belief in protectionism, a national bank, and internal improvements (such as roads and canals) to foster commerce and strengthen the nation.