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Nuetrik [128]
3 years ago
9

Which account would normally not require an adjusting entry?

Business
1 answer:
umka2103 [35]3 years ago
3 0

When adjusting journal entries, you generally will never need to create an adjusting journal entry for the cash account. Accountants debit cash throughout the month to record inflows of cash and credit the cash account to reflect money going out of the business.

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Bakery A uses 60 bags of flour each month. The flour is purchased from a supplier for a price of $80 per bag and an ordering cos
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3 years ago
EarlKeen Co. sold $260,000 of equipment during January under a one-year warranty. The cost to repair defects under the warranty
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Answer:

warranty expense 10,400 (260,000 x 4%)

          warranty liablity  10,400

warranty liability   150

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we recognize the expected warranty expense at the moment of the sale.

Then expenses associate with the warranty will decrease the prevision "warranty liability"

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and the wages for work on the product, will have to be paid.

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