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A 10-column spreadsheet used to draft a company's unadjusted trial balance, adjusting entries, adjusted trial balance, and financial statements, and which is an optional step

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A 10-column spreadsheet used to draft a company's unadjusted trial balance, adjusting entries, adjusted trial balance, and financial statements, and which is an optional step in the accounting process, is an): Select one: O a Book of final entry. O b. Post-closing trial balance. Oc Worksheet. O d. Unadjusted trial balance. O e Adjusted trial balance. Incurred but unpaid expenses that are recorded during the adjusting process with a debit to an expense and a credit to twity are called Select one: O a Operating expenses. O b. Prepaid expenses. Oc Unearned expenses. O d. Accrued expenses. Oe None of the above - no adjusting entry required because the expenses are unpaid. The statement of owner's equity is the link between: Select one: O a Debits and credits. O b. The Income Statement and the Balance Sheet Oc. The ledger and the trial balance. O d. The journal and the ledger. In which type of organization does the owner or owners have unlimited liability? Select one: O a Sole Proprietorship. O b. Partnership. Oc Corporation. O d. Two of the above. O e. All of the above. The Thornhill Post, a weekly suburban newspaper, receives annual subscriptions in the amount of $50,000 in January which have been prepaid for the whole year. Which of the following transactions is correct at the time the subscriptions are received? Select one: O a. Increase cash and increase owners equity O b. Increase cash earned and increase revenues Oc Increase cash and increase unearned revenue O d. Increase cash and decrease prepaid expenses Employers never make deductions from employees' wages for: Select one: O a. Federal Income Taxes. O b. Union Dues. O c. Worker's Compensation. O d. Canada Pension Plan. O e. Employment Insurance. Extreme Cruise Inc prepaid $4,500 for 3 months rent on July 1, 2010. What would be the balance of the Prepaid Rent account on September 1, 2010? Select one: O a $3,000, Ob $4,500 OG $1,500 O d. $0

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