An adjusting entry could be made for each of the following except: Multiple Choice Ο Ο...

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Answer 1

Answer #1

Answer

Correct Answer = Option #4: Owner Investments DOES NOT REQUIRE an adjusting entry. All other option may or may not require adjusting entries.
Owner Investment is nit adjusted because there is never a requirement to adjust.
Whenever the owner makes an investment, the asset received is debited and capital or equity account gets credited and that is all that is required. No further recording or adjusting entry is required.

Answer 2

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