Question
1.On December 31, we had accrued salaries of $6,000. What account would we debit when we record this adjusting entry in the general journal? a.
1.On December 31, we had accrued salaries of $6,000. What account would we debit when we record this adjusting entry in the general journal?
a. cash
b. salaries expense
c. salaries payable
d. accounts payable
2.An adjusting entry that debits office supplies expense is an example of:
a. deferred expenses
b. deferred revenue
c. accrued expenses
d. accrued revenue
3.An adjusting entry that debits depreciation expense is an example of:
a. deferred expenses
b. deferred revenue
c. accrued expenses
d. accrued revenue
4.All of a company's accounts and account balances appear on the:
a. bincome statement
b. statement of retained earnings
c. balance sheet
d. adjusted trial balance
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