Homework Answers
Soluton:
a. is at a specific date.
Explanation:
An adjusted trial balance is formatted exactly like an unadjusted trial balance. The adjusted trial balance is at a specific date. This adjusted trial balance verifites the equality of the total debit and credit balances before the financial statements are prepared. If the adjusted trial balance does not balance then an error has been made. It is not financial statement but the adjusted account balance will be reported on the financial statements.
The adjusted trial balance O a. is at a specific date. O b. does not have...
The adjusted trial balance O a. is at a specific date. O b. does not have a date. O c. is for a period of time. O d. None of these choices are correct.
What is the major difference between the unadjusted trial balance and the adjusted trial balance? a....
What is the major difference between the unadjusted trial balance and the adjusted trial balance? a. The adjusted trial balance will show the net income (loss) as an additional account. b. Unlike the adjusted trial balance, the unadjusted trial balance will continue with the end-of- period processing even if it is not in balance. c. The adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts. d. The adjusted trial balance will...
1. What is the major difference between the unadjuste and the adjusted trial balance? | 1....
1. What is the major difference between the unadjuste and the adjusted trial balance? | 1. The adjusted trial balance will show the net income (loss) as an additional acce 1. Unlike the adjusted trial balance, the unadjusted trial balance will continue wit period processing even if it is not in balance. The adjusted trial balance includes the postings of the adjustments for the peric balance of the accounts. 11. The adjusted trial balance will be used to record the...
The balance sheet reports O A. a business's results of operations on a specific date. O...
The balance sheet reports O A. a business's results of operations on a specific date. O B. a business's results of operations for a specific period. O c. a business's financial position for a specific period. OD. a business's financial position on a specific date.
What is the difference between an adjusted trial balance and an unadjusted trial balance?
What is the difference between an adjusted trial balance and an unadjusted trial balance? (Check all that apply.) The unadjusted trial balance is more up to date and should be used to prepare financial statements. The adjusted trial balance is a list of accounts and their balances after adjusting entries have been posted. The adjusted trial balance is used to prepare financial statements. The adjusted trial balance generally has more accounts listed than the unadjusted trial balance.
The post-closing trial balance differs from the adjusted trial balance in that it does not A....
The post-closing trial balance differs from the adjusted trial balance in that it does not A. Take into account closing entries B. Take into account adjusting entries C. Include income statement accounts D. Include balance sheet accounts
No. Cr. . The adjusted trial balance for Zahurak Company follows. Adjusted Trial Balance December 31,...
No. Cr. . The adjusted trial balance for Zahurak Company follows. Adjusted Trial Balance December 31, 2018 Account Title Dr. 101 Cash $ 6,500 106 Accounts receivable 28,405 153 Trucks 39,500 154 Accumulated depreciation-Trucks 15,879 183 Land 30,000 201 Accounts payable 15,145 209 Salaries payable 3,465 233 Unearned fees 2,865 307 Common stock 15,000 Retained earnings, December 31, 318 2017 47,700 319 Dividends 26,076 401 Plumbing fees earned 94,000 611 Depreciation expense-Trucks 5,293 622 Salaries expense 43,992 640 Rent expense...
what is the procedure for making: A-a trial balance B- unadjusted trial balance C- adjusted trial...
what is the procedure for making: A-a trial balance B- unadjusted trial balance C- adjusted trial balance D- financial statement
Saved The post-closing trial balance will have fewer accounts than the adjusted trial balance. Question 4...
Saved The post-closing trial balance will have fewer accounts than the adjusted trial balance. Question 4 options: 1) True 2) False Question 5 (0.5 points) An expense account is closed with a credit to the expense account and a debit to the Income Summary account. Question 5 options: 1) True 2) False Question 6 (0.5 points) Cash is a temporary account. Question 6 options: 1) True 2) False Question 7 (0.5 points) Adjusting entries are often made because some business...
Accounting Cycle Tutorial . Step 7: Prepare the Adjusted Trial Balance 0.00 2 Prepare the Adjusted...
Accounting Cycle Tutorial . Step 7: Prepare the Adjusted Trial Balance 0.00 2 Prepare the Adjusted Trial Balance Activity 2.a - Prepare the Adjusted Trial Balance Post the transactions to the ledger in chronological order and complete the Adjusted Trial Balance. Transactions Dec. issued common stock for $22,100 cash Explanation Debit Credit Balance 21.000 43100 Received cash in advance for service to Paid rent in advance Billed clients for $13.900 of work performed Received payment of 1500 in advance for...
The adjusted trial balance O a. is at a specific date. O b. does not have a date. O c. is for a period of time. O d. None of these choices are correct.
What is the major difference between the unadjusted trial balance and the adjusted trial balance? a. The adjusted trial balance will show the net income (loss) as an additional account. b. Unlike the adjusted trial balance, the unadjusted trial balance will continue with the end-of- period processing even if it is not in balance. c. The adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts. d. The adjusted trial balance will...
1. What is the major difference between the unadjuste and the adjusted trial balance? | 1. The adjusted trial balance will show the net income (loss) as an additional acce 1. Unlike the adjusted trial balance, the unadjusted trial balance will continue wit period processing even if it is not in balance. The adjusted trial balance includes the postings of the adjustments for the peric balance of the accounts. 11. The adjusted trial balance will be used to record the...
The balance sheet reports O A. a business's results of operations on a specific date. O B. a business's results of operations for a specific period. O c. a business's financial position for a specific period. OD. a business's financial position on a specific date.
No. Cr. . The adjusted trial balance for Zahurak Company follows. Adjusted Trial Balance December 31, 2018 Account Title Dr. 101 Cash $ 6,500 106 Accounts receivable 28,405 153 Trucks 39,500 154 Accumulated depreciation-Trucks 15,879 183 Land 30,000 201 Accounts payable 15,145 209 Salaries payable 3,465 233 Unearned fees 2,865 307 Common stock 15,000 Retained earnings, December 31, 318 2017 47,700 319 Dividends 26,076 401 Plumbing fees earned 94,000 611 Depreciation expense-Trucks 5,293 622 Salaries expense 43,992 640 Rent expense...
Accounting Cycle Tutorial . Step 7: Prepare the Adjusted Trial Balance 0.00 2 Prepare the Adjusted Trial Balance Activity 2.a - Prepare the Adjusted Trial Balance Post the transactions to the ledger in chronological order and complete the Adjusted Trial Balance. Transactions Dec. issued common stock for $22,100 cash Explanation Debit Credit Balance 21.000 43100 Received cash in advance for service to Paid rent in advance Billed clients for $13.900 of work performed Received payment of 1500 in advance for...
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