Which of the following accounts would NOT be included in the adjusting entries made at the end of an accounting period?
A) Accounts receivable
B) Accounts payable
C) Cash
D) Prepaid insurance

Question

Quizplus · Accepted Answer

Cash does not require adjusting entries at the end of an accounting period. Adjusting entries are made to record transactions that have occurred but have not yet been recorded. Cash transactions are typically recorded as they occur, so there is usually no need for an adjusting entry at the end of the period. Accounts receivable, accounts payable, and prepaid insurance, on the other hand, may need to be adjusted to reflect changes in the amounts owed or paid during the period.

Which of the Following Accounts Would NOT Be Included in the Adjusting