Multiple Choice
Of the following six accounts,which ones have temporary balances:
(1) Service Revenue
(2) Dividends
(3) Salaries Expense
(4) Common Stock
(5) Retained Earnings
(6) Cash
A) (1) , (2) ,and (3) .
B) (4) , (5) ,and (6) .
C) (2) , (4) ,and (5) .
Correct Answer:
Verified
Correct Answer:
Verified
Q6: Adjusting entries:<br>A)Often include the Cash account.<br>B)Usually are
Q7: The post-closing trial balance does not include
Q8: The following financial information is from
Q9: The Supplies account is an example of
Q10: Which accounting principle states that a company
Q12: The closing entry for dividends includes a
Q13: An example of an adjusting entry would
Q14: The following table contains financial information
Q15: Which of the following trial balances shows
Q16: Adjusting entries should be prepared after financial