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1. What is the major difference between the unadjuste and the adjusted trial balance? | 1. The adjusted trial balance will show the net income
1. What is the major difference between the unadjuste and the adjusted trial balance? | 1. The adjusted trial balance will show the net income (loss) as an additional acce 1. Unlike the adjusted trial balance, the unadjusted trial balance will continue wit period processing even if it is not in balance. The adjusted trial balance includes the postings of the adjustments for the peric balance of the accounts. 11. The adjusted trial balance will be used to record the adjustments for the period. 2. Notes receivable due in 390 days appear on the 1. balance sheet in the current assets section b. balance sheet in the noncurrent assets section c. balance sheet in the current liabilities section d. income statement as an expense b. 3. Unearned Fees appear on the 1. balance sheet in the current assets section b. balance sheet as a current liability balance sheet in the stockholders' equity section la income statement as revenue 4. Prepaid insurance is reported on the balance sheet 11. current asset |b. fixed asset c. current liability d. long-term liability 5. The income statement should be prepared 13. before the retained earnings statement and balance sheet | after the retained earnings statement and before the balance sheet 16. after the retained earnings statement and balance sheet d. after the balance sheet and before the retained earnings statement 1. What is the major difference between the unadjuste and the adjusted trial balance? | 1. The adjusted trial balance will show the net income (loss) as an additional acce 1. Unlike the adjusted trial balance, the unadjusted trial balance will continue wit period processing even if it is not in balance. The adjusted trial balance includes the postings of the adjustments for the peric balance of the accounts. 11. The adjusted trial balance will be used to record the adjustments for the period. 2. Notes receivable due in 390 days appear on the 1. balance sheet in the current assets section b. balance sheet in the noncurrent assets section c. balance sheet in the current liabilities section d. income statement as an expense b. 3. Unearned Fees appear on the 1. balance sheet in the current assets section b. balance sheet as a current liability balance sheet in the stockholders' equity section la income statement as revenue 4. Prepaid insurance is reported on the balance sheet 11. current asset |b. fixed asset c. current liability d. long-term liability 5. The income statement should be prepared 13. before the retained earnings statement and balance sheet | after the retained earnings statement and before the balance sheet 16. after the retained earnings statement and balance sheet d. after the balance sheet and before the retained earnings statement
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