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1. Adjusting Entry Identification

in Chapter 4 (Problem 1 of 14)

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

1 Accruals and Deferrals 15:07
2 What is an Adjusting Entry? 4:11
3 Adjusting Entry: Supplies 1:54
4 Adjusting Entry: Wages 4:52
5 Adjusting Entry: Unearned Revenue 2:11
6 Adjusting Entry: Interest 2:03
7 Contra-accounts 4:40
8 Depreciation 7:10
9 The Closing Process 10:37
Chapter 12 →