Which of the following would normally be recorded with an adjusting entry?
A)sales on account
B)payment for supplies bought on account
C)utilities expense
D)depreciation expense

Question

Quizplus · Accepted Answer

Depreciation expense is a non-cash expense that represents the decrease in value of long-term assets over time. Since it is not recorded at the time of purchase, it requires an adjusting entry at the end of the accounting period. A, B, and C are all transactions that would be recorded through regular journal entries as part of the normal course of business.

Which of the Following Would Normally Be Recorded with an Adjusting