Which of the Following Is Not Considered an End-Of-Period Adjusting

question 59

Multiple Choice

Which of the following is not considered an end-of-period adjusting entry?

• A)The entry to record the portion of unexpired insurance which has become expense during the period.
• B)An entry to record revenue which has been earned but has not yet been billed to customers.
• C)The entry to record depreciation expense.
• D)An entry to record repayment of a bank loan and to recognize related interest expense.

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Definitions:

Skeletal

Relating to the skeleton, the internal framework of bones that supports the body and facilitates movement.

Diaphragm

A muscular partition separating the thorax from the abdomen, playing a major role in breathing.

Pancreas

An organ with vital roles in both the endocrine and digestive systems, secreting insulin and digestive enzymes.