Adjusting entries can be used for all of the following except:
A)Capital
B)Supplies
C)Unearned Revenues
D)Merchandise Inventory

Question

Quizplus · Accepted Answer

Adjusting entries are typically used for items like supplies, unearned revenues, and inventory to ensure accurate financial reporting. Capital, however, is not typically adjusted through adjusting entries as it relates to the owner's investment in the business.

Adjusting Entries Can Be Used for All of the Following