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How are explanations distinguished in the journal? Question 15 options: They are underlined. They are written below the credit entries. They are in bold print.
How are explanations distinguished in the journal? Question 15 options: They are underlined. They are written below the credit entries. They are in bold print. They are written along the margin, beside the debit and credit entries. Question 16 (1 point) Jenny paid rent for her new office space for the next six months. What category does this pre-paid rent fall into Question 16 options: asset. expense. revenue. liability. Question 17 (1 point) When examining the financial records, you notice that the Capital account has been credited. What is the likely reason for this? Question 17 options: services were provided to a cash customer. services were provided to a charge customer. the owner made an investment. An expense was incurred Question 18 (1 point) Posting is performed by transferring information from the journal to the Question 18 options: trial balance. ledger. balance sheet. income statement
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