16. Which of the following is an example of a NON-deferral adjusting entry?

Accrued expense

Unearned revenue

Prepaid expense

None of these are correct

18. Cheeeese Company purchased office supplies costing $5,000 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $2,000 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be:

	debit Supplies, $2,000; credit Supplies Expense, $2,000.
	debit Supplies, $3,000; credit Supplies Expense, $3,000.
	credit Supplies, $3,000; debit Supplies Expense, $3,000.
	credit Supplies, $2,000; debit Supplies Expense, $2,000.

19. Which of the following would not be considered a merchandising operation?

	BJ's
	7Eleven
	Dewey Cheatem and Howe, PLLC
	Junkers Automotive