Which of the following accounts is not adjusted?
A) Accumulated Depreciation
B) Wages Payable
C) Depreciation Expense
D) Owner's Capital
E) Prepaid Insurance

Question

Quizplus · Accepted Answer

Owner's Capital is not an account that requires adjusting entries. It represents the owner's equity in the business and is not affected by adjusting entries, which are made to update the balances of temporary accounts (such as revenue and expense accounts) at the end of an accounting period. The other accounts listed (Accumulated Depreciation, Wages Payable, Depreciation Expense, and Prepaid Insurance) all require adjusting entries to properly reflect their balances on the financial statements.

Which of the Following Accounts Is Not Adjusted