Multiple Choice
Which of the following account titles would not be debited in the process of preparing closing entries for Andrew's Auto Shop?
A) Income Summary.
B) Fees Earned.
C) Dividends.
D) Retained Earnings.
Correct Answer:
Verified
Correct Answer:
Verified
Q55: The adjusted trial balance contains income statement
Q56: A statement of retained earnings shows:<br>A)The changes
Q57: An after-closing trial balance consists only of
Q58: Net income for the period equals:<br>A)$18,375.<br>B)$11,000.<br>C)$ 5,800.<br>D)$11,250.
Q59: [The following information applies to the questions
Q61: Measures of profitability tell us how quickly
Q62: A debit balance in the income summary
Q63: The Income Summary account has debits of
Q64: Of the following,which is not an alternative
Q65: Which of the following accounts should not