Multiple Choice
Match the terms below with the correct definitions.
-Merchandise Inventory that appears in the Balance Sheet Debit column of the work sheet
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
Q40: Wages Payable is an example of<br>A) Unearned
Q41: Which of the following accounts would appear
Q42: Match the terms below with the correct
Q43: The inventory system where a business continually
Q44: An example of unearned revenues<br>A) Collecting 3
Q46: The adjusting entry for depreciation will decrease
Q47: If Income Summary has a debit of
Q48: Which of the following accounts is adjusted
Q49: The Unearned Revenue account would be used
Q50: At the end of the accounting period,