4. During the last month of its fiscal year, Echo Lake Resort accepted numerous deposits from customers. By the end of the month many, but not all, of these guests had completed their stays. The entry to record this event is an example of an adjusting entry A. to apportion a recorded cost. B. to apportion unearned revenue. C. to record unrecorded expenses. D. to record unearned revenue. 5. Clinton prepares monthly financial statements. Which of the following violates the matching principle? A. A portion of the salary payments made this month are not recognized as expense because some of the work was done by employees last month. B. The premium on a six-month insurance policy is charged immediately to expense. C. Expenses for the period exceed revenues. D. The cost of advertising done during the month is charged to expense even though no payment is due for 60 days. 6. Brett Tarek, a manager at D & J Landscaping Limited, needs information regarding the amount of accounts payable currently owed by the company. This information would most easily be found in the A. General ledger. B. General journal. C. Income Statement. D. Notes to the financial statements. 7. Which of the following is not considered as an end-of-period adjusting entry? A. The entry to record the portion of unexpired insurance which has become expense during the period. B. An entry to record revenue which has been earned but has not yet been billed to customers. C. The entry to record depreciation expense. D. An entry to record repayment of a bank loan and to recognize related interest expense. 8. A credit is used to record an increase in all of the following accounts except A. Accounts Payable. B. Service Revenue. C. Unearned Revenue. D. Wages Expense