In Which of the Following Situations Would an Adjusting Entry

question 45

Multiple Choice

In which of the following situations would an adjusting entry be made at the end of January to record an accrued expense?

• A)Ramona's Nursery purchased playground equipment on January 1 with an estimated useful life of six years.
• B)On January 25,Ramona's Nursery hired a college student to drive the minibus;the new employee is to begin work in February.
• C)January 31 falls on a Tuesday;salaries are paid on Friday of each week.
• D)On January 31,Ramona's Nursery paid the interest owed on a note payable for January.

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