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

Question

Quizplus · Accepted Answer

Utilities payable typically does not require an adjusting entry at year-end because it is already an accrued liability reflecting expenses incurred but not yet paid.

Which of the Following Accounts Would Most Likely Not Require