Multiple Choice
In the preparation of the adjusted trial balance:
A) the trial balance data comes from the journal.
B) four columns are needed for the adjustments.
C) the adjusted trial balance columns give the final account balances.
D) the debits to not have to equal the credits.
Correct Answer:

Verified
Correct Answer:
Verified
Q43: Unearned Service Revenue is a revenue account.
Q63: _ will not be found on the
Q110: _ is (are) the final balancing element
Q111: A company using accrual accounting pays $12,000
Q112: After all the adjustments have been made,
Q113: Rosewood Company had current assets of $582,
Q114: Companies are required to record accrued expenses
Q117: On August 1 of the current year,
Q119: Equity is increased when company makes a
Q154: Adjusting entries:<br>A)are needed for all balance sheet