Multiple Choice
In preparing adjustments to the work sheet,which of the following accounts could not be added to the Account Name column?
A) Interest Receivable
B) Notes Payable
C) Depreciation Expense-Equipment
D) Interest Income
Correct Answer:
Verified
Correct Answer:
Verified
Q49: The post-closing trial balance will typically have
Q50: The information needed to record the adjusting
Q51: The owner's Capital,Withdrawals,and Income Summary accounts for
Q52: The normal account balances for owner's Capital
Q53: Depreciation Expense-Buildings is a nominal account.
Q55: On a work sheet,the balance of the
Q56: After all closing entries have been entered
Q57: Discuss reversing entries by addressing each of
Q58: The owner's Capital,Withdrawals,and Income Summary accounts for
Q59: Reversing entries are never required.