Prepaid expenses,depreciation,accrued expenses,unearned revenues,and accrued revenues are all examples of:

A) Items that require contra accounts.
B) Items that require adjusting entries.
C) Asset and equity accounts.
D) Asset accounts.
E) Income statement accounts.

Prepaid Expenses

Payments made in advance for goods or services, which are recognized as expenses over time as the benefits are received.

Adjusting Entries

Financial records generated at the end of a bookkeeping period to allocate receipts and disbursements to the time in which they actually occurred.

Accrued Expenses

Expenses that have been incurred by a company but not yet paid or recorded in financial statements.