The following are all advantages of using a corporation to form a business enterprise Lowest tax rates, ease of raising capital, company jets 18 Highest salaries, lowest taxes and best returns for shareholders 21 Indefinite life, potential tax advantages income, limited liability Ease of raising investment, best way to make a profit, no risk 24 27 Question 26 (1 point) Which of the following normally has a credit balance 30 Expenses Past due Customer Accounts 33 Assets 16 Revenue 9 2 Question 27 (1 point) If your have prepared and checked your Trial Balance to ensure it is indeed balanced and now have prepared and posted your Adjusting entries but find your Adjusted Trial Balance has $500.000 total credits and $499.000 total debits: what is the correct course of action 3 Check the posting of your adjusting entries for an error it is not a material difference there is no problem Best to start all over again The difference is not material and therefore you can just charge 55000 to an cxpense account. Problem solved! isan