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4/11/20

[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. Tue Dec 18 2018 · The use of adjusting journal entries is a key part of the period closing processing as noted in the accounting cycle where a preliminary trial balance is converted into a final trial balance. It is usually not possible to create financial statements that are fully in compliance with accounting standards without the use of adjusting entries. The Company will make adjusting journal entries in December 2019 to credit the revenue account and debit the unearned revenue account . #3 – Accrued Expenses Accrued expenses are the expenses which are incurred and recorded by a company in an accounting period expenses are not paid for. Adjusting entries also called adjusting journal entries are journal entries made at the end of a period to correct accounts before the financial statements are prepared. This is the fourth step in the accounting cycle. The accounting process is made up of many key steps and always includes performing adjusting entries . These entries are completed at the e...


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