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Please Answer Just answer with a,b,c, d. No need for explanation If dividends are declared and paid in the same accounting period, what is the
Please Answer Just answer with a,b,c, d. No need for explanation
If dividends are declared and paid in the same accounting period, what is the net effect on the accounting equation? Select one: a. A decrease in Cash and an increase in Expenses b. A decrease in Cash and an increase in Retained Earnings. OC. A decrease in Retained Earnings and an increase in Expenses. Od A decrease in Cash and a decrease in Retained Earnings. The adjusting entry to record a company's depreciation expense on its property plant and equipment for a year would include: Select one: a. DR accumulated depreciation / CR property plant and equipment b. DR depreciation expense / CR property plant and equipment OC. DR depreciation expense / CR accumulated depreciation od DR accumulated depreciation / CR depreciation expense The unearned revenue account on King Harvest Ltd.'s unadjusted trial balance has a balance of $1,190 credit. An analysis of the account shows that $990 remains unearned at the end of the year. The required adjusting entry is: Select one: a. DR Unearned Revenue $200 / CR Sales Revenue $200. O b. DR Sales Revenue $990 / CR Unearned Revenue $990. OCDR Sales Revenue $200 / CR Unearned Revenue $200. od DR Unearned Revenue $990 / CR Sales Revenue $990. The balance in the supplies account on ACCT1115's unadjusted trial balance is a debit of $9,000. The actual balance of supplies on hand at the end of the year is $3,600. The required adjusting journal entry is: Select one: a. DR supplies expense $5,400 / CR supplies $5,400 b. DR supplies $5,400 / CR supplies expense $5,400 OC. DR supplies $3,600 / CR supplies expense $3,600 d DR supplies expense $3,600 / CR supplies $3,600Step by Step Solution
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