82. As of January 31, Princess Company owes $500 to Butler Co. for equipment rented duringJanuary. If no adjustment is made for this item at January 31, how will Princess's financialstatements be affected?
83. Which of the following is notconsidered an end-of-period adjusting entry? A. The entry to record the portion of unexpired insurance which has become expense during the period.B. An entry to record revenue which has been earned but has not yet been billed tocustomers.C. The entry to record depreciation expense.D. An entry to record repayment of a bank loan and to recognize related interest expense.
84. The accrual of interest on a note payable will: