Which of the following journal entries is created as the result of a deferral? A. Salaries expense
$\quad$Salaries payable
B. Interest expense
$\quad$Interest payable
C. Cash
$\quad$Unearned revenue
D. Accounts receivable
$\quad$Deferred revenue

Question

Quizplus · Accepted Answer

A deferral involves postponing the recognition of revenue or expense. When cash is received before revenue is earned, it is recorded as unearned revenue, which is a liability, until the revenue is earned. Thus, the entry "Cash $\quad$Unearned revenue" is a deferral.

Which of the Following Journal Entries Is Created as the Result