An adjusting entry could be made for each of the following except:
a. Prepaid expenses.
b. Depreciation.
c. Unearned revenues.
d. Cost of goods sold.
e. Accrued revenues.
Answer: D
An adjusting entry could be made for each of the following except:
a. Prepaid expenses.
b. Depreciation.
c. Unearned revenues.
d. Cost of goods sold.
e. Accrued revenues.
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