Question

Which of the following journal entries would not be used to record a deferral?

1) Debit Accounts Receivable, Credit Revenue
2) Debit Prepaid Expense, Credit Cash
3) Debit Unearned Revenue, Credit Revenue
4) Debit Supplies Expense, Credit Supplies

Answer 1

The journal entry that would not be used to record a deferral is option 4) Debit Supplies Expense, Credit Supplies.

Step-by-step explanation:

The correct answer is option 4) Debit Supplies Expense, Credit Supplies. This journal entry does not involve a deferral. It records the expense of supplies being used, but it does not involve a prepaid expense or unearned revenue.