Multiple Choice
Match the terms below with the correct definitions.
-The credit account of the adjustment for accrued payroll
A) Unearned Revenue
B) Income Summary
C) First merchandise inventory adjusting entry (periodic system)
D) Beginning merchandise inventory
E) Ending merchandise inventory
F) Periodic inventory system
G) Wages Payable
H) Wages Expense
I) Purchases
J) Second merchandise inventory adjusting entry (periodic system)
Correct Answer:

Verified
Correct Answer:
Verified
Q37: If the trial balance amount of Unearned
Q38: Match the terms below with the correct
Q39: The inventory system that makes an adjustment
Q40: Wages Payable is an example of<br>A) Unearned
Q41: Which of the following accounts would appear
Q43: The inventory system where a business continually
Q44: An example of unearned revenues<br>A) Collecting 3
Q45: Match the terms below with the correct
Q46: The adjusting entry for depreciation will decrease
Q47: If Income Summary has a debit of