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14. Which of the following would not be an adjusting entry? A. Prepaid rent Rent expense B. Cash Unearned revenue C. Interest expense Interest payable
14. Which of the following would not be an adjusting entry?
A. Prepaid rent
Rent expense
B. Cash
Unearned revenue
C. Interest expense
Interest payable
D. Bad debt expense
Allowance for doubtful accounts
E. Unearned revenue
Sales revenue
The answer is B. Can you explain why? Isn't unearned revenue a liability, and therefore, a credit?
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