Question
There are 2 multiple choice questions here. I need the answers within 1 hour. Please only accept this question if you can answer it within
There are 2 multiple choice questions here. I need the answers within 1 hour. Please only accept this question if you can answer it within 1hour.
- Which of the following accounts has a normal debit balance?
A.Revenue
- B.Notes Payable
- C.Cash
- D.Accounts Payable
2.Robert Rogers, CPA, performed accounting services for a client in December. A bill was mailed to the client on December 30. Roberts received a check by mail on January 5. As per the revenue recognition principle, the related account that should appear on the balance sheet as of December 31 is:
A.Prepaid Expense.
- B.Accounts Receivable.
- C.Unearned Revenue.
- D.Accounts Payable.
3.The adjusted trial balance helps to identify:
A.account balances after adjustments.
- B.revenue accounts only.
- C.account balances before adjustments.
- D.amounts that are out of balance.
4.Which of the following statements is true of the worksheet?
A.The Net Income is recorded in the income statement credit column.
- B.The Net Income is recorded in the adjusted trial balance debit column.
- C.The Net Income is recorded in the income statement debit column.
- D.The Net Income is recorded in the balance sheet debit column.
5.Which of the following accounts will be included in a post-closing trial balance?
A.Service Revenue
- B.Rent Expense
- C.Interest Expense
- D.Unearned Service Revenue
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