Considering the Trial balance below, which account(s) are asset accounts? 2 points Errors noted: The balance of cash was overstated by $850. A cash payment of $3,600 was posted as a credit to Cash of $6,300. c) A debit of $3,000 for a cash dividend was posted as a credit to Delivery Expense. d) The balance of $8,900 in Advertising Expense was entered as $890 in the Trial Balance. A credit of $250 to Accounts Receivable was not posted. 1) A purchase of $ 500 in supplies was posted as a credit to Supplies. 9) The balance of Retained Earnings was overstated by $1,500. h) An Insurance policy acquired at a cost of $315 was erroneously posted as a $135 debit to Prepaid Insurance. 1) Rent Expense, with a balance of $19,000 was omitted from the trial balance. 1) A credit of $700 in Accounts Payable was overlooked when determining the balance of the account. Trial Balance Cash 27,650 Accounts Receivable Prepaid Insurance Plagiarism Checker Supplies 125 Land 0 Accounts Payable 12,550 Camal Stock Dividends 15,000 Rebined Earnings 49,525 7,000 Fees Earned 158,725 Salary Expense 123,075 Advertising Expense 890 Delivery Expense 950 Miscellaneous Expense 600 Total $199,710 $235,800 cash land fees earned account receivable retained earnings Which of the following is considered a revenue? * revenue prepaid earning unearned revenue fees earned interest receivable Plagiarism Checker 2 points which of the following is a limit of a change of equity statement? * Assumption based on revenue, expenses and profit use of judgment to make important decision on loss, net income Using activities that can be measured objectively assets and liabilities are recorded by their historical cost Its simply based on capitol stocks, capitol, profits and withdrawals 2 points which of the following is not part of the financial work sheet?* 2 points unadjusted trial balance Plagiarism Checker adjusted trial balance balance sheet statement of change in equity closing statement Closing statements are a necessary steps that* 2 points revenue, expense, equity to start with zero to measure the results from from period just ending revenues, expense,withdrawal to start with zero to measure the results from from period just ending Plagiarism Checker owners capitol account to increase from profit owners capitol account to decrease from withdrawals from the period just fine