Multiple Choice
The adjusting entry to record depreciation for the company automobile would be:
A) debit Cash; credit Accumulated Depreciation, Automobile.
B) debit Accumulated Depreciation, Automobile; credit Automobile.
C) debit Depreciation Expense, Automobile; credit Accumulated Depreciation, Automobile.
D) debit Depreciation Expense, Automobile; credit Automobile.
Correct Answer:
Verified
Correct Answer:
Verified
Q72: The ending balances in the ledger after
Q73: The trial balance prepared after all of
Q74: When Income Summary has a credit balance
Q75: The Withdrawals account is closed to the
Q76: Income Summary:<br>A) is a temporary account.<br>B) is
Q78: Depreciation Expense is closed to Income Summary,
Q79: Real accounts are those accounts with balances
Q80: Identify whether the entries below are an
Q81: In the first space below, indicate whether
Q82: Identify whether the entries below are an