Question 11. Each of the following is a major type or category associated with adjusting entries except a. prepaid expenses, also known as deferred expenses. b. recognized revenues. c. accrued revenues as well as accrued expenses. d. unearned revenues, also known as deferred revenues. 12Question 12. The trial balance shows Supplies $1,350, and Supplies Expense $0 ($zero). During the physical inventory at the end of the period, it was found that $600 of the supplies were available on hand. The adjusting double-entry, therefore, at the end of the period should be: a. Debit an account Supplies 600 and Credit an account Supplies Expense 600 b. Debit an account Supplies 750 and Credit an account Supplies Expense 750 c. Debit an account Supplies Expense 750 and Credit an account Supplies 750 d. Debit an account Supplies Expense 600 and Credit an account Supplies 600 13Question 13. Rivera Company calculates and determines that the depreciation on a substantial piece of delivery equipment for the month of June amounts to $10,000. The adjusting double-entry to record this depreciation is as follows: a. Debit an account Depreciation Expense 10,000 and Credit an account Accumulated Depreciation Rivera Company 10,000 b. Debit an account Depreciation Expense 10,000 and Credit an account Accumulated Depreciation Equipment 10,000 c. Debit an account Equipment Expense 10,000 and Credit an account Accumulated Depreciation Equipment 10,000 d. Debit an account Depreciation Expense 10,000 and Credit an account Equipment 10,000 14Question 14. A ledger (select the correct statement): a. contains only asset accounts and liability accounts. b. should always show accounts in alphabetical order. c. is a collection of the entire (complete, whole) range of accounts maintained by a company. d. is a book of original double-entries for a reporting period. 15Questions 15. Adjusting entries regarding unearned revenues recognized as liabilities: a. increase assets and increase liabilities. b. decrease liabilities and increase revenues. c. increase assets and increase revenues. d. decrease revenues and decrease assets. 16Questions 16. The trial balance shows Supplies $0 ($zero) and Supplies Expense $1,500. During the physical inventory at the end of the period, it was found that supplies were available on hand for $800. Therefore, the adjusting entry, at the end of the period should be: a. Debit an account Supplies $800 and Credit an account Supplies Expense $800. b. Debit an account Supplies Expense $800 and Credit an account Supplies $800. c. Debit an account Supplies $700 and Credit an account Supplies Expense $700. d. Debit an account Supplies Expense $700 and Credit an account Supplies $700. 17Question 17. Which of the following statements is false (partially)? a. A statement of cash ows summarizes information about the cash inows (receipts) and cash outows (payments) for a specic period of time. b. A balance sheet represent the assets, liabilities, and owners equity at a specic date. c. An income statement presents the revenues, expenses, changes in owners equity, and resulting net income or net loss for a specific period of time. d. An owners equity statement summarizes the changes in owners equity for a specic period of time. 18Question 18. A trial balance (select the correct statement): a. is a complete list of accounts with their balances at a given point in time. b. will not balance if a correct journal entry is posted twice. c. proves that the transactions are correctly journalized. d. proves that all transactions have been recorded. 19 Question 19. A trial balance will not be balanced if: a. a correct journal double-entry is posted twice. b. the purchase of supplies on account is debited to Supplies and credited to Cash. c. a $1,000 cash drawing by the owner is debited to the Owners Drawings for $10,000 and credited to Cash for $1,000. d. a $450 cash payment on account is debited to Accounts Payable for $45 and credited to Cash for $45. 20 Question 20. The Jeong Company's trial balance has accounts that show the following normal debit or credit balances: Cash $5,000; Service Revenue $85,000; Salaries and Wages Payable $4,000; Salaries and Wages Expense $40,000; Rent Expense $10,000; Owners Capital $42,000; Owners Drawings $15,000; Equipment $61,000; and Building $68,000. In preparing the trial balance, the total sum in the Debit Column equals: a. $159,000. b. $199,000. c. $284,000. d. $184,000.