Which of the Following Is Not an Example of an Adjusting

question 79

Multiple Choice

Which of the following is not an example of an adjusting entry?

• A)The entry to record unpaid expenses.
• B)The entry to record uncollected revenues.
• C)The entry to convert liabilities to revenue.
• D)The entry to pay outstanding bills.

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Definitions:

George W. Bush

43rd President of the United States, serving from 2001 to 2009, known for his responses to the 9/11 terrorist attacks and initiating the Iraq War.

Federal Budget Deficit

The deficit that occurs when the government's spending surpasses its income within a fiscal year.

Federal Budget Surpluses

Occurs when the government's revenues exceed its expenditures during a fiscal year.

Inflation Rate

The rate, shown as a percentage, at which prices for services and goods overall are climbing, causing the buying power to decrease.