Question 1

What is the total balance in the Trial Balance on the Debit side from your Worksheet?

$339000

$409,000

$393,000

$388,500

Question 2

What is the total balance in the Adjustment column on the Debit side from your Worksheet?

$106,000

$97,000

$11,000

$104,000

Question 3

What is the total balance in the Adjusted Trial Balance column on the Debit side in your Worksheet?

None of the above.

$386,000

$392,000

$391,000

Question 4

What is the Net Income in the Income Statement at the year-end?

$81,500

$88,500

$79,500

None of the above.

Question 5

What is the Total Expense in the Income Statement at the year-end?

$95,000

15,500

16,300

17,500

Question 6

What is the Total End Retained Earnings in the Financial Statements at the year-end?

$16,000

$63,500

$0.

$79,500

Question 7

What is the Total Current Asset in the Balance Sheet at the year-end?

335,500

361,500

None of the above.

326,500

Question 8

What is the Total Current Liability in the Balance Sheet at the year-end?

2,000

16,000

26,000

18,000

Question 9

What is the Total Liability plus Equity in the Balance Sheet at the year-end?

$363,500

None of the above.

$359,500

$361,500

Question 10

What is the debit side total balance of the Post-Closing Trial Balance?

$361,500

None of the above.

$363,500

$326,500