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please answer all the questions immediately thankyou 1. An optional process in the accounting process is: * (1 Point) O post-closing trial balance O worksheet
please answer all the questions immediately thankyou
1. An optional process in the accounting process is: * (1 Point) O post-closing trial balance O worksheet O preparing trial balance O journal entries 2. These are expenses already incurred but not yet paid. * (1 Point) accrued expense deferred expense none of the above O prepaid expense 3. A debit entry for P 6,750 was posted as P 7,650. The error is called a * (1 Point) O misposting O transposition O slide O transplacement 4. Which of the following would most likely be found in an adjusting entry? (1 Point) N O Cash dividend paid Prepaid expense Sales on account Accounts receivable 5. Chris Corporation loaned P60,000 to another corporation on December 1, 2016 and received a 3- month, 8% interest bearing note with face value of P 60,000. What adjusting entry should Chris make on December 31, 2016? * (1 Point) O Debit Interest Receivable and credit Interest Income, P 400 O Debit Interest Receivable and credit Interest Income P 1.200 Debit Cash and credit Interest Receivable, P 1.200 Debit Cash and credit Interest Income. P 400Step by Step Solution
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