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2/14/20

[Answer] Which of the following accounts would not be adjusting journal entries?

Answer: Cash




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Which of the following accounts would not be adjusting journal entries? An unadjusted trial balance is prepared by companies that make adjusting entries while an adjusted trial balance is prepared by companies that do not make adjusting entries. C . An unadjusted trial balance is prepared before the adjusting entries have been made while an adjusted trial balance is prepared after the adjusting entries have been made. Which of the following is NOT true involving adjusting journal entries? A. Adjusting journal entries never involve cash. B . Records the effects of each period's adjustments in a debit-equals-credit format. C . Adjustments are made on a daily basis. D. Adjustments are made at the end of each period. Here are the main financial transactions that adjusting journal entries are used to record at the end of a period . Prepaid expenses or unearned revenues – Prepaid expenses are goods or services that have been paid for by a company but have not been consumed yet. Insurance is a … This guide to adjusting entries covers deferred revenue deferred expenses accrued expenses accrued revenues and other adjusting journal entries examples. Adjusting entries are required at the end of each fiscal period to align the revenues and expenses to the “right” period in accord with the matching principle in accounting. The Cash account in the general ledger reflects the balance of all cash receipts and all payments made. When the adjusting entries are recorded the Cash account is never affected; the only time a transaction modifies this account is when cash is phys...

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