You are watching: Which of the accounts below would appear in the balance sheet columns of the work sheet?
The amount of the credits exceeds the amount of the debits in the Income Statementcolumns on the work-related sheet.
The work sheet at the finish of September has actually $4,000 in the Balance Sheet crmodify column for Accumulated Depreciation. The work-related sheet at the end of October has actually $4,750 in the Balance Sheet credit column for Accumulated Depreciation. What was the amount of the depreciation price adjustment for the month of October?
After all of the account balances have actually been extended to the Balance Sheet columns of the work sheet, the totals of the debit and also crmodify columns are $25,250 and also $21,825, respectively. What is the amount of net earnings or net loss for the period?
After every one of the account balances have actually been extended to the Income Statement columns of the work sheet, the totals of the debit and also crmodify columns are $87,500 and also $98,300, respectively. What is the amount of the net revenue or net loss for the period?
On October 1, the firm pays rent for twelve months in advancement and also debits an ascollection account. At year finish, the adjusting entry on the work-related sheet would
On August 1, a firm collects revenue in advance for the next twelve months and also credits a licapability account. The adjusting entry at year end on the work sheet would
the last day of the accountancy period, although they are actually journalized after the end of the bookkeeping period
Which of the following accounts will be closed to the Capital account at the end of the fiscal year?
The complying with accounts were taken from the Adjusted Trial Balance columns of the work-related sheet:Accumulated Depreciation$ 2,000Fees Earned15,000Depreciation Expense1,000Insurance Expense500Prephelp Insurance4,500Supplies1,200Supplies Expenses3,500
A summary of schosen ledger accounts appear below for Ted"s Auto Services for the 2005 calendar year finish. Ted, Capital12/317,0001/15,00012/3117,000 Ted, Drawing6/302,00012/317,00011/305,000 Income Summary12/3115,00012/3132,00012/3117,000 Net revenue for the duration is
ordinarily begins on the initially day of a month and also ends on the last day of the adhering to twelfth month
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