Question

In: Accounting

Which of the following accounts would likely be included in an accrual adjusting entry?

Which of the following accounts would likely be included in an accrual adjusting entry?



Insurance Expense



Prepaid Rent



Tax Expense



Unearned Rent


Solutions

Expert Solution

Prepaid rent and unearned rent both are prepaid income and expense so they are not accural adjusting entry account but tax expense is accrual adjusting entry

So answer is c) Tax expense


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