Which of the adjusting entries cannot be reversed

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Problem 1: Which of the following adjusting entries be reversed?

a. an adjusting entry to accrue an expense that is already incurred but not yet paid

b. An adjusting entry to record depreciation

c. An adjusting entry to record bad debt expense

d. An adjusting entry to record the earned portion of an advanced collection of income initially recorded using the liability method.

Problem 2: Which of the following adjusting entries cannot be reversed?

a. An adjusting entry to accrue an expense

b. An adjusting entry to accrue an income

c. An adjusting entry to record the expired portion of a prepayment of an item of expense

d. An adjusting entry to record the unearned portion of an advanced collection of an item of income.

Reference no: EM132775651

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