Multiple Choice
An adjusting journal entry contains a debit to an expense account and a credit to a contra account.This is an example of what type of adjusting entry?
A) Accrued revenue
B) Deferred revenue
C) Depreciation expense
D) Accrued expense
Correct Answer:
Verified
Correct Answer:
Verified
Q50: On December 31,2014,salaries owed to employees total
Q51: On December 1 of the current year,Prepaid
Q52: For the year ended,December 31,2015,the Aldrich Chemical
Q56: A Trial Balance Worksheet lists:<br>A)balance sheet accounts
Q57: The beginning Retained Earnings balance is found
Q58: Trevor Company has the following adjusted trial
Q59: A current ratio below 1.0 is a
Q60: The entry to close expense account(s)includes a:<br>A)debit
Q81: Depreciation allocates the cost of land to
Q169: In an unadjusted trial balance,the accounts are