13) On January 1, 2015, the Accounts Receivable of Linda Company had a debit balance the company provided services for $600,000 on account. The company collected $230 in January. What was the ending balance in the Accounts Recelivablcontat te of $150,000. During January, from its customers on accout the end of January? A) $370,000 B) $750,000 C) $520,000 D) $600,000 14) Acourulated Depreciation is adn) mort and carne balance. A) revenue; debit B) expense; debit C) contra asset; credit D) iability; credit 15) The accountant for Electrical the last two weeks of the year. Which of the following statements is true r Hobson Electrical Repair failed to make an adjusting entry to record $5,000 of unpaid salaries for A) The total revenue will be overstated B) The total revenue will be understated D) The totail expenses will be understated. 16) The financial statements are prepared from the A) adjusted trial balance B) chart of accounts C) statement of retained earnings D) unadjusted trial balance 17) Which of the following categories of accounts are temporary accounts that are closed at the end of the year? A) assets, liabilities, and owner's withdrawals B) revenues, expenses, and owner's withdrawals C) assets, liabilities, and owner's equity D) revenues, expenses, and owners equity 18) The net income of Harriet Company for the year is $25,000. The owner made withdrawals during the year of $30,000. Which of the following statements is true? A) Owner, Capital account decreases by $25,000 B) Owner, Capital account decreases by $5,000 C) Owner, Capital account increases by $30,000 D) Owner, Capital will remain the same. 19) In an accounting cydle, which of the following steps takes place only at the end of the accounting period? A) start with the beginning account balances B) journalize transactions that occur C) analyze transactions as they occur D) journalize adjusting entries 3 | Pag