Sedert one tive tivasent terstion weked ene tring Sested aine Which of the following is NOT true about adjusting entries? Select one: a. They're dated the last day of the accounting period Flag question b. They must be journalized and posted just like any other entry c. They may include the Cash account d. They always impact one Balance sheet account and one income Statement account If the Owner's Capital account has a non-zero balance at the beginning of the accounting period, an error was made during the closing process in the previous period: Select one: True False According to the Matching Principle, every asset account should have a matching contra-asset account. Select one: True False When recording an adjusting entry to accrue revenue, we credit Service Revenue and debit: Select one: a. Unearned Revenue b. Accounts Receivable c. Accounts Payable d. It depends on whether the amount was prepaid or if it will be paid later Only permanent accounts appear on the Post-Closing Trial Balance. Select one: True False The main difference between the Unadjusted Trial Balance and the Adjusted Trial Balance is: Select one: a. The Adjusted Trial Balance is prepared after adjusting entries are recorded b. The Adjusted Trial Balance is prepared before adjusting entries are recorded c. The Adjusted Trial Balance is prepared after closing entries are recorded d. They're actually the same document, and it can be referred to using either name Which of the following is NOT true about adjusting entries? Select one: a. They're dated the last day of the accounting period b. They must be journalized and posted just like any other entry c. They may include the Cash account d. They always impact one Balance Sheet account and one income Statement account