35. Place the following columns in order as presented on the end-of-period spreadsheet: a. Adjustments b. Income Statement c. Unadjusted Trial Balance d. Adjusted Trial Balance e. Balance Sheet

36. Determine if each situation applies to the income statement, statement of stockholders equity, or the balance sheet. a. Beginning balances are taken from the ledger. b. Common stock issued is added to the beginning balance. c. The statement can be prepared directly from the spreadsheet columns except for the ending balance of retained earnings. d. The statement can normally be prepared directly from the spreadsheet.

37. Masters Company pays wages each week and the companys year end is December 31. On January 5, wages of $7,000 were paid for the pay period ending on December 29. Compute the amount of the reversing entry to be recorded on January 1, for accrued wages as of December 31. The reversing entry will include a a. debit of $5,000 to Accrued Wages. b. credit of $2,000 to Accrued Wages. c. credit of $2,000 to Wages Expense. d. debit of $5,000 to Wages Expense