Multiple Choice
The following accounts and balances are taken from Evan Company's adjusted trial balance: In the closing process,which accounts are credited?
A) Accounts Receivable,Prepaid Insurance,Salary Expense
B) Depreciation Expense,Dividends,Insurance Expense,Salary Expense
C) Depreciation Expense,Insurance Expense,Salary Expense,Prepaid Insurance
D) Interest Revenue,Service Revenue
Correct Answer:

Verified
Correct Answer:
Verified
Q66: On July 25,Henry Company's accountant prepared a
Q67: The amount of revenue to record is
Q68: All companies must conform to either a
Q69: Which account is credited in the adjusting
Q70: When preparing the financial statements for a
Q72: Assume the balance in the Retained Earnings
Q73: The accumulated depreciation account decreases over the
Q74: Which of the following is NOT a
Q75: The balance sheet reports:<br>A)assets,liabilities and stockholders' equity.<br>B)the
Q145: The dividends account is a permanent account.