Which of the following does not require an adjusting entry at year-end?
A) Accrued interest on notes payable.
B) Supplies used during the period.
C) Cash invested by owner.
D) Accrued wages.
E) Expired portion of prepaid insurance.

Question

Quizplus · Accepted Answer

Cash invested by the owner is not an expense or revenue item and does not require an adjusting entry at the end of the year. Adjusting entries are made for accrued expenses, prepaid expenses, depreciation, and unearned revenue.

Which of the Following Does Not Require an Adjusting Entry