27. An Unearned Rent Revenue account with a normal balance would be reported in which column of a worksheet?

Multiple Choice

• Credit column of the Balance Sheet section.

• Debit column of the Balance Sheet section.

• Credit column of the Income Statement section.

• Debit column of the Income Statement section.

26. If an account has a debit balance of $890 in the Trial Balance section of a worksheet and there is a debit entry of $580 in the Adjustments section, the account balance in the Adjusted Trial Balance section of the worksheet is a

Multiple Choice

• $310 debit.

• $310 credit.

• $1,470 debit.

• $1,470 credit.

25. Cramer Company pays weekly wages of $16,500 every Friday for a five day week ending on that day. If the last day of the year is on Wednesday, the adjusting entry to record the accrued wages is:

Multiple Choice

• debit Wages Expense $9,900; credit Drawing $9,900

• debit Wages Expense $9,900; credit Cash $9,900

• debit Wages Expense $6,600; credit Cash $6,600

• debit Wages Expense $9,900; credit Wages Payable $9,900