Which of the following adjusting journal entries is not created as the result of an accrual? A. Interest expense
$\quad$Interest payable
B. Accounts receivable
$\quad$Service revenue
C. Prepaid Rent
$\quad$Rent expense
D. Interest receivable
$\quad$Investment income

Question

Quizplus · Accepted Answer

Prepaid Rent and Rent Expense are related to deferrals, not accruals. Accruals involve recognizing revenues and expenses when they are incurred, regardless of when cash is exchanged.

Which of the Following Adjusting Journal Entries Is Not Created \quad

Which of the Following Adjusting Journal Entries Is Not Created $\quad$