Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what affect does this journal entry have on the accounys Adjusting entries affect at least one a. revenue and the dividends account b. asset and

what affect does this journal entry have on the accounys
image text in transcribed
Adjusting entries affect at least one a. revenue and the dividends account b. asset and one stockholders' equity account c. revenue and one capital stock account d. income statement account and one balance sheet March 10 Accounts Payable Cash Paid creditors on account. What effect does this journal entry have on the accounts? a. Decrease accounts payable, increase cash b. Decrease accounts payable, decrease cash c. Decrease cash, increase accounts payable d. Increase accounts payable, increase cash Which of the items below does not appear on the work sheet? a. closing entries b. the dividends account c. the unadjusted trial balance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Effective Delivery Effective

Answered: 1 week ago