Which of the Following Situations Does Not Require an Adjusting

question 58

Multiple Choice

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

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

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Definitions:

Southern Hill Country

A region typically characterized by its hilly terrain located in the southern parts of countries, which may have distinct cultural or environmental attributes.

Backcountry

In colonial America, the area stretching from central Pennsylvania southward through the Shenandoah Valley of Virginia and into upland North and South Carolina.

Market Economy

An economic system where decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

Plantation Mistresses

Women who lived on and managed plantations in the southern United States during the antebellum period, often overseeing domestic aspects of plantation life.