ke/launch.jsp?course_assessment_id=_70732_1&cours emaining Time: 55 minutes, 12 seconds. Question Completion Status: QUESTION 8 Which of the following is not an advantage of preparing an adjusted trial balance? It verifies that the debits equal the credits in the ledger after the preparation of the adjusting entries. It reduces the possibility of errors being carried forward from the ledger into the accounting reports. It is a shortcut which means that the adjusting entries do not have to be entered into the ledger. It assists in the preparation of the financial statements. QUESTION 9 ABC collects rents from several properties. Prior to recording adjusting entries, assume the rent income account has a made at the end of the financial year (1) an accrual for accrued rent income of $600 (2) the unearned rent income acco adjusting entries the amount of rent income to be shown in the income statement is: 58800 $8400. $7600. $7200 QUESTION 10 Right Style received a 51000 advance payment from a customer for work to be carried out in the next accounting period. Whi to initially record the $10002 Debit bank 51000: credit unearned income 51000 Debit unearned income 51000: credit bank $1000 Debit bank 51000: credit accounts payable 51000 Debit income earned 51000 credit bank 51000 Type here to search