Which of the following items would require an adjusting entry at the end of each accounting period?
A) Garnishment for child support payments
B) Withholdings for a 401(k) plan
C) Vacation pay earned by employees
D) Union dues withheld
E) None of the above

Question

Quizplus · Accepted Answer

Vacation pay earned by employees is an accrual that requires an adjusting entry at the end of the accounting period. The other options are all withheld amounts that are recorded when the payroll is processed and do not require adjusting entries at the end of the accounting period.

Which of the Following Items Would Require an Adjusting Entry