the nest twelve monts, beginesing August 1,2018 An adjusted trial balance prepared on Decemb 018 will show a credit balance in Uneamed Revenue in the amount of On Augest 1, 2018 Brian Qin eceived $8420 for legal services to be performed evenly D) s3500 B)$400 adstional $1400 of sppliesThere were Se00 ol supplies on hand at the end of the year. entry prepared at the end of the accounting period inclades a An adjusting 18) A company starled the year with $300 of supplies Daring the year, the company purchased an A) debit to Supplies for $600 debit to Supplies Expense for $400 B) debit to Supplies for $1200 D) debit to Supplies Expense for $1000 The etry to ch-se Service Reverue inclu les adebit to: A) Retained Eamings and a credit to Service Revenue Bi) Service Reveue and a credit to Net Income Service Revenue and a credit to StockholderEquity Dy Service Revenue and a credit to Retained Eamings An employee claims that he overstated espense reimbunsement requests to have extra money for his wite and children because "Everyone is doing it. This is an esample of A) opportunity D) motive 21) The primary way that fraud is peevented, detected, or corrected is through a peoper system of A) intemal and esternal audits O polidies developed by upper managemen B) internal control D) ethical standards and a code of ethics 22) The ending bank statement balance at November 30 is $7,150. The bank statement shows a service dhuege of Ses, electronic funds necripts ol $500, and a NSF check for $350. Deposits in transit total $2550 and outstanding checks ane 51,735. The hailance per Ibooks at November 30 is $7.880 What is the abated bank balance at November A)$7,150 8) 57.965 57,235 Under the allowance method for estimating uncollectible accounts A a company sets up an Allewance for Uncollectible Accounts to estimate the amount of the receivables the cempany does not espect to collect B) the Allowance for C) the Allowance for Lincollectible Accounts is a contra accoant to gross Accounts Receivable. D) all of the above f Uncollectible Accounts will nommally huve a credit balance 24) Jampin Cerporation uses the percent-ol-sales methed so estimate uncollectitbiles, Net credit sales for the mount to szma000, mi management estimates 5% will be uncle for Uncollectible Accounts prior Uncollectible-Account Expense reported on the income statement will be t adjustment has a debit belance of 51300 The amosunt of $102.80 valble indicates that the amount of vecollectible accounts is 53410 The tilde The Allowance A) $1300 8) $100.200 D) $101.500 Allowance for Uncollectible Accounts prior to adjustment has a credit balance of S$300 The Accouesds Recrivable balance is $44,720 The amount of the adjusting entry for uncollectilsle accounts should be A) 53710 B) 53410 O 53110 3) 5300 25) The jourmal entry to recoed accrued inberest on a note neceivable at year end i A) debit Cash and credin I Receivable B) detit Interest Receivable and credit terest Revenue. C) debit Interest Reonable and edit Notr Reenvahde D) debit Note Receivable and credit Ineest Rervene A) 5866 $144 25) Gliven the following data, calculate ending isventory uning the LIFO coting A) 5866 5) 5144 5720 29) Maydak Company reported the or the month of yuly 22% A)53%. l Cost of Goods Sold is $30.000, beginning inventory iw $29,00, and mding inenory io $30. B) 559,000 5299,000 A) 5399,000 31) Morgan Oaks Company mplaced the windshields and painted several of i These costs should be B) debited to Repair Expense A) depreciated over the lide of the vehicles C) debited to Equipment