Which of the following accounts would NOT be debited or credited in an adjusting entry?
A)Supplies Expense
B)Office Equipment
C)Wages Expense
D)Wages Payable

Question

Quizplus · Accepted Answer

Adjusting entries are made to update the accounts that have been affected during an accounting period. Office equipment, being a fixed asset, is not affected by adjustments that concern expenses or liabilities. Therefore, it would not be debited or credited in an adjusting entry.

Which of the Following Accounts Would NOT Be Debited or Credited