Multiple Choice
Interest expense in the worksheet's trial balance column is $3,000.Interest expense in the income statement column is $7,000.Which of the following entries would have caused this difference?
A) A $7,000 credit to Interest expense in the worksheet's adjustments column
B) A $7,000 credit to Interest payable in the worksheet's adjustments column
C) A $4,000 debit to Interest expense in the worksheet's adjustments column
D) A $4,000 credit to Interest expense in the worksheet's adjustments column
Correct Answer:
Verified
Correct Answer:
Verified
Q25: Supplies expense is a temporary account.
Q26: Revenues total $10,200.Expenses total $7,300.Withdrawals total $2,600.<br>-What
Q27: Please refer to the worksheet below.Adjusting entries
Q28: Please refer to the following information
Q29: The following is the balance sheet for
Q31: Which of the following statements is FALSE
Q32: Please refer to the worksheet below.Enter the
Q33: Please refer to the following partially completed
Q34: Net income (loss)is the difference between the
Q35: An adjusted trial balance for Southside Video