(Answer without explain) . Which of the following statements about a journal is false? a) It is not a book of original entry. b) It provides a chronological record of transactions. c) It helps to locate errors because the debit and credit amounts for each entry can be readily compared. d) It discloses in one place the complete effect of a transaction. 5. The trial balance shows Supplies OMR 0 and Supplies Expense OMR 1,500. If OMR 800 of supplies are on hand at the end of the period, the adjusting entry is: a) Debit Supplies OMR 800 and credit Supplies Expense OMR 800. b) Debit Supplies Expense OMR 800 and credit Supplies OMR 800. c) Debit Supplies OMR 700 and credit Supplies Expense OMR 700. d) Debit Supplies Expense OMR 700 and credit Supplies OMR 700. 6. Each of the following is a major type (or category) of adjusting entries except: a) prepaid expenses. b) accrued revenues. c) accrued expenses. d) earned revenues. 7. Which of the following statements is incorrect concerning the worksheet? a) The worksheet is essentially a working tool of the accountant. b) The worksheet is distributed to management and other interested parties. c) The worksheet cannot be used as a basis for posting to ledger accounts. d) Financial statements can be prepared directly from the worksheet before journalizing and posting the adjusting entries. 8. The correct order of presentation in a classified balance sheet for the following current assets is: a) accounts receivable, cash, prepaid insurance, inventories. b) cash, Inventories, accounts receivable, prepaid insurance. c) cash, accounts receivable, inventories, prepaid insurance. d) inventories, cash, accounts receivable, prepaid insurance. 9. The reconciling item in a bank reconciliation that will result in an adjusting entry by the depositor is: a) outstanding checks. b) a bank error. c) deposit in transit. d) bank service charges 10. Which of the following approaches for bad debts is best described as a balance sheet method? a) Percentage-of-receivables basis b) Direct write-off method c) Percentage-of-sales basis d) Both a and b