Multiple Choice
Match the terms below with the correct definitions.
-The debit 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
Q92: On the work sheet, the adjusted balance
Q93: Match the terms below with the correct
Q94: On the work sheet, the amount of
Q95: Taking a physical count of the merchandise
Q96: Adjusting entries are journalized and posted in
Q97: In the Adjustments columns of the work
Q98: Prepaid Insurance appears in which column of
Q100: Interest Income would appear under which column
Q101: The Unearned Revenue adjustment can occur only
Q102: An adjusting entry to record expired or