The following adjusting entries were required to be posted at the end of the financial year for Canada Ltd:

I Prepaid rent expires at the rate of $$200$ per month.

II Dividend revenue in arrears comprises $1$ month of interest income at $$600$ per month.

III Cleaning supplies on hand were determined to be $$1,800$

IV Telephone bill received but unpaid at year end $$540$

V Depreciation expense was $$750$ for the year

Which of these entries would be required to be reversed at the start of the next accounting period?

Question $4$ Answer

a$.$

II$,$ III, V

b$.$

I, III & IV

c$.$

II & IV

d$.$

III & IV

e$.$

I, II$,$ III, IV & V