If the Balance Sheet and Statement of Retained Earnings columns of a work sheet fail to balance when the net income is added to the Balance Sheet and Statement of Retained Earnings Credit column, the cause could be:

Multiple Choice

A. An expense entered in the Balance Sheet and Statement of Retained Earnings Debit column.

B. A revenue entered in the Balance Sheet and Statement of Retained Earnings Credit column.

C. An asset amount entered in the Income Statement and Statement of Retained Earnings Debit column.

D. A liability amount entered in the Income Statement and Statement of Retained Earnings Credit column.

E. An expense entered in the Balance Sheet and Statement of Retained Earnings Credit column.

2. The adjusting entry to record an accrued revenue is:

Multiple Choice

A. Increase an expense; increase a liability.

B. Increase an asset; increase revenue.

C. Decrease a liability; increase revenue.

D. Increase an expense; decrease an asset.

E. Increase an expense; decrease a liability.