Answer
D
Work Step by Step
D - Prepaid expenses, accrued revenues, and accrued expenses are all major types of adjusting entries. Only revenues can be unearned, not expenses, so the account unearned expenses does not exist.
Accounting: Tools for Business Decision Making, 5th Edition
by Kimmel, Paul D.; Weygandt, Jerry J.; Kieso, Donald E.
Published by
Wiley
ISBN 10:
1118128168
ISBN 13:
978-1-11812-816-9
Chapter 4 - Accrual Accounting Concepts - Self-Test Questions - Page 199: 5
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
