Which of the following accounts would most likely not require an adjusting entry at year-end?
A)Unearned subscription revenue.
B)Office supplies.
C)Cash.
D)Prepaid rent.

Question

Quizplus · Accepted Answer

Cash is an asset account that does not require adjusting entries at year-end because it represents the actual cash balance on hand. Adjusting entries are typically made to accounts that involve accruals or deferrals of revenue or expenses, such as unearned subscription revenue and prepaid rent. Office supplies may also require adjusting entries if the actual supplies on hand do not match the amount recorded as a debit balance.

Which of the Following Accounts Would Most Likely Not Require