Which of the following is not considered an end-of-period adjusting entry?
A)The entry to record the portion of unexpired insurance which has become expense during the period.
B)An entry to record revenue which has been earned but has not yet been billed to customers.
C)The entry to record depreciation expense.
D)An entry to record repayment of a bank loan and to recognize related interest expense.

Question

Quizplus · Accepted Answer

Repayment of a bank loan and recognition of interest expense are not end-of-period adjusting entries. They are recorded as part of routine transactions and not adjustments to previously recorded transactions.

Which of the Following Is Not Considered an End-Of-Period Adjusting