Which the the complying with accounts would certainly not show up in a closing journal entry?a. Attention Revenueb. Accumulated Depreciationc. Kept Earningsd. Value Expense


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Which account is the very least likely to appear in an adjusting journal entry?a. Cashb. Interest receivablec. Earnings tax Expensed. Wages Payable
When a convent promotions company collects cash because that ticket sales two months in development of the display date, i beg your pardon of the complying with accounts is recorded?a. Accrued liabilityb. Accounts receivablec. Prepaid Expensed. Unearned Revenue
On december 31, an mediate is made to reduce unearned revenue and repot (earned) revenue. How many accounts will be consisted of in this adjusting journal entry?a. Noneb. Onec. Twod. Three
An Adjusting journal entry to acknowledge accrued wages payable would cause which the the following?a. A decrease in assets and stockholder"s equity b. A to decrease in assets and liabilitiesc. An increase in expenses, liabilities, and stockholders" equity d. Rise in expenses and liabilities and also a decrease in stockholders" equity
An changed trial balancea. Shows the ending balances in a debit and also credit format before posting the adjusting journal entriesb. Is all set after long entries have actually been postedc. Is a tool supplied by financial experts to evaluation the performance of publicly traded companiesd. Mirrors the finishing balances resulting from the adjusting newspaper entires in a debit and credit format
d. Shows the finishing balances resulting from the adjusting newspaper entires in a debit and credit format
company A has actually owned a structure for number of years. Which of the adhering to statements regarding depreciation is false native an accounting perspective?a. Depreciation cost for the year will equal accumulated depreciation b. Depreciation is an estimated expense to be tape-recorded each period during the building"s life c. As depreciation is recorded, stockholders" same is reducedd. Together depreciation is recorde, complete assets room reduced
Which that the adhering to trial balances is supplied as a resource for preparing the earnings statement?a. Unadjusted psychological balanceb. Pre-adjusted psychological balance c. Readjusted trial balanced. Post-closing psychological balance
Asume the balance in Prepaid insurance allowance is 2,500 however it should be 1,500. The adjusting newspaper entry should incorporate which that the following?a. Debit to Prepaid Insurance because that 1,000b. Credit to insurance expense for 1,000c. Debit come insurance expense for 1,000d. Debit come insurance price for 1,500
Assume a company receives a bill for 10,000 for advertising done throughout the current year. IF this bill is not yet videotaped at the finish of the craving what will the adjusting journal entry include?a. Debit to advertising price of 10,000b. Credit to advertising expense of 10,000c. Debit come accrued legal responsibility of 10,000d. Need much more info
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Fundamentals of corporate Finance11th EditionBradford D. Jordan, Randolph W. Westerfield, Stephen A. Ross


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