Which one is not true?单项选择题

A

None of the other three.

B

Cash will never be in an adjusting entry.

C

All long-term assets are depreciable.

D

Prepaid insurance is not an expense account.

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Question 23 (10 marks) Complete the journal entries for the 5 transactions of Froggie Co in the month of June. Narrations are not required. [table] Date | Transaction and Account Names | Dr $ | Cr $ | | Oct 31 | Benefits of prepaid insurance of $100 have expired.Blank 1 Question 2 Insurance ExpPrepaid InsuranceDepreciation ExpenseAccumulated DepreciationRevenueUnearned revenueA/RInterest ExpenseInterest PayableSalaries ExpenseSalaries Payable Blank 2 Question 2 Insurance ExpPrepaid InsuranceDepreciation ExpenseAccumulated DepreciationRevenueUnearned revenueA/RInterest ExpenseInterest PayableSalaries ExpenseSalaries Payable | Blank 3 Question 2 10060300700801300 | Blank 4 Question 2 10060300700801300 | | 31 | Depreciation for the month is $60. Blank 5 Question 2 Insurance ExpPrepaid InsuranceDepreciation ExpenseAccumulated DepreciationRevenueUnearned revenueA/RInterest ExpenseInterest PayableSalaries ExpenseSalaries Payable Blank 6 Question 2 Insurance ExpPrepaid InsuranceDepreciation ExpenseAccumulated DepreciationRevenueUnearned revenueA/RInterest ExpenseInterest PayableSalaries ExpenseSalaries Payable | Blank 7 Question 2 10060300700801300 | Blank 8 Question 2 10060300700801300 | | 31 | Services performed in relation to cash received in advance total $300. Blank 9 Question 2 Insurance ExpPrepaid InsuranceDepreciation ExpenseAccumulated DepreciationRevenueUnearned revenueA/RInterest ExpenseInterest PayableSalaries ExpenseSalaries Payable Blank 10 Question 2 Insurance ExpPrepaid InsuranceDepreciation ExpenseAccumulated DepreciationRevenueUnearned revenueA/RInterest ExpenseInterest PayableSalaries ExpenseSalaries Payable | Blank 11 Question 2 10060300700801300 | Blank 12 Question 2 10060300700801300 | | ] 31 | Services performed but not invoiced at 31 October total $700. Blank 13 Question 2 Insurance ExpPrepaid InsuranceDepreciation ExpenseAccumulated DepreciationRevenueUnearned revenueA/RInterest ExpenseInterest PayableSalaries ExpenseSalaries Payable Blank 14 Question 2 Insurance ExpPrepaid InsuranceDepreciation ExpenseAccumulated DepreciationRevenueUnearned revenueA/RInterest ExpenseInterest PayableSalaries ExpenseSalaries Payable | Blank 15 Question 2 10060300700801300 | Blank 16 Question 2 10060300700801300 | | ] 31 | Interest accrued at 31 October is $80. Blank 17 Question 2 Insurance ExpPrepaid InsuranceDepreciation ExpenseAccumulated DepreciationRevenueUnearned revenueA/RInterest ExpenseInterest PayableSalaries ExpenseSalaries Payable Blank 18 Question 2 Insurance ExpPrepaid InsuranceDepreciation ExpenseAccumulated DepreciationRevenueUnearned revenueA/RInterest ExpenseInterest PayableSalaries ExpenseSalaries Payable Accrued salaries at 31 October are $1300Blank 19 Question 2 Insurance ExpPrepaid InsuranceDepreciation ExpenseAccumulated DepreciationRevenueUnearned revenueA/RInterest ExpenseInterest PayableSalaries ExpenseSalaries Payable Blank 20 Question 2 Insurance ExpPrepaid InsuranceDepreciation ExpenseAccumulated DepreciationRevenueUnearned revenueA/RInterest ExpenseInterest PayableSalaries ExpenseSalaries Payable | Blank 21 Question 2 10060300700801300 Blank 22 Question 2 10060300700801300 | Blank 23 Question 2 10060300700801300 Blank 24 Question 2 10060300700801300 | | [/table]

On December 1, Ford Company received three months’ rental income in advance and increased a liability account.  On December 31, the end of the accounting period, Ford failed to make an adjusting entry reflecting that a portion of this rent had been earned.  This error results in:

Received $1,000 invoice for April's utilities expense. (Hint: Bills and invoices reflect goods or services that have been provided, but are unpaid, unless specified otherwise.)

For what are Adjustments used?

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