Which of the following would normally be recorded with an adjusting entry?
A)Sales on account.
B)Payment for supplies bought on account.
C)Wage expense
D)Amortization expense.

Question

Quizplus · Accepted Answer

Amortization expense is a non-cash expense that represents the gradual reduction in value of an asset over time. It is typically recorded with an adjusting entry at the end of an accounting period. Sales on account, payment for supplies bought on account, and wage expense are all typically recorded through normal transactions and would not require an adjusting entry.

Which of the Following Would Normally Be Recorded with an Adjusting