accy201 at Ole Miss

1. Adjusting Entry Identification

in Chapter 3 (Problem 1 of 18)

Which of the following would not be considered an adjusting entry?

  1. Debit insurance expense, credit prepaid insurance
  2. Debit unearned revenue, credit revenue
  3. Debit accounts payable, credit cash
  4. Debit accounts receivable, credit service revenue
Watch Solution (1:26) Hide Solution Reveal Solution

The Rest Of The Practice Problems

Click Here to View All Chapter 3 Problems at Once View
1 Adjusting Entry Identification
You are here. 		Easy
2 Revenue Recognition Easy
3 Closing Journal Accounts Easy
4 Revenue Recognition Easy
5 Revenue Journal Entry Easy
6 Adjusting Entry - Salaries Payable Moderate
7 Adjusting Entry - Wage Expense Moderate
8 Revenue Recognition Moderate
9 Prepaid Rent Moderate
10 Determining Net Income From Transactions Moderate
11 Determining Net Income From Journal Entries Moderate
12 Closing Process Moderate
13 Adjusting Journal Entries Hard
14 Adjusting Journal Entries Hard
15 Revenue and Expense Recognition Hard
16 The Effect of Transactions Hard
17 When You Forget to do Adjusting Entries Hard
18 Year End Closing & Account Classification Hard
← Chapter 2

Chapter 3 Videos

1 Cash vs. Accrual Accounting 7:21
2 Expense Recognition 8:07
3 Accruals and Deferrals 15:07
4 What is an Adjusting Entry? 4:11
5 Adjusting Entry: Supplies 1:54
6 Adjusting Entry: Wages 4:52
7 Adjusting Entry: Unearned Revenue 2:11
8 Adjusting Entry: Interest 2:03
9 Contra-accounts 4:40
10 Depreciation 7:10
11 The Closing Process 10:37
Chapter 4 →