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5 votes
6. When making adjusting entries, which account is never affected?

A. Capital

B. Withdrawal

C. Fees Expense

D. Cash

User Neels
by
4.6k points

2 Answers

6 votes

It never affects D. Cash

User Mirandes
by
5.7k points
7 votes

Answer:

Cash is never affected.

Explanation:

When making adjusting entries, cash is never impacted.

Adjusting entries means to make the account up to date at the end of the accounting period.

All adjusting entries affect a minimum of one income statement account and one balance sheet account, but this never affects cash.

User Paradoxetion
by
5.3k points
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