Please help!

Shows all of the transactions recorded and requires you to hide transactions that are before the statement date.

QuickBooks

Sage $50$

$($C$)$ Both QuickBooks and Sage $50$

$($D$)$ Neither QuickBooks or Sage $50$

What is the purpose of the bank reconciliation process?

$($A$)$ To calculate the interest earned on your bank accounts.

To compare your records of transactions with the bank's records and identify any discrepancies.

To adjust the balances of your non$-$current liabilities on the balance sheet.

$($D$)$ To verify the accuracy of the company's financial statements.

What is the purpose of the adjusting entry for unearned revenue?

To decrease the value of the unearned revenue on the balance sheet.

To transfer a portion of the unearned revenue from the balance sheet to the income statement to match it with the period

in which it was earned.

To record the initial receipt of the unearned revenue.

To increase the value of the unearned revenue on the income statement.

Which of the following is an example of an accrued expense?

Rent expense paid in advance for the next accounting period.

Advertising expense incurred and paid for during the accounting period.

Salary expense incurred by employees during the accounting period but not yet paid.

Depreciation expense recorded on an asset during the accounting period.