Multiple Choice
The unadjusted trial balance for a company has total debit and credit column totals of$148,000. The Adjustments columns contain entries for the following:Office supplies used during the period, $2,650. Expiration of prepaid rent, $1,700.Accrued salaries expense, $3,500. Depreciation expense, $1,625.Accrued service revenues, $2,500.The Adjusted Trial Balance columns total to:
A) $159,975.
B) $148,000.
C) $155,625.
D) $151,275.
E) $136,025.
Correct Answer:

Verified
Correct Answer:
Verified
Q31: In January, Denton Mabrey College received $120,000
Q32: The following journal entry (incorrectly)recorded the purchase
Q33: Before recording adjusting entries, the Office Supplies
Q36: The approach to preparing financial statements based
Q37: Prepare an income statement for the year
Q39: An adjusting entry could be made for
Q40: The accounting basis that attempts to measure
Q91: Under the alternative method for recording prepaid
Q150: Accumulated depreciation is shown on the balance
Q200: Gallery Corp. performs 20 days' work on