11. Which of the following appears in the balance she worksheet? a. service revenue b. income summary c. owner withdrawals d. accounts payable 12. If the unearned service revenue account had an unadjusted normal balance of P3,800, and an adjustment was made debiting the account for P500, the account would appear on the adjusted trial balance of the worksheet as a: a. P4,300 debit b. P4,300 credit c. P3,300 credit d. P3,300 debit columns of the worksheet, the totals of the debit and credit columns are P25,350 and P28,750, respectively. It can be concluded the company has a: a, net income of P3,400 b. net loss of P3,400 C. P54,100 net loss d. P54,100 net income
11. Which of the following appears in the balance she worksheet? a. service revenue b. income summary c. owner withdrawals d. accounts payable 12. If the unearned service revenue account had an unadjusted normal balance of P3,800, and an adjustment was made debiting the account for P500, the account would appear on the adjusted trial balance of the worksheet as a: a. P4,300 debit b. P4,300 credit c. P3,300 credit d. P3,300 debit columns of the worksheet, the totals of the debit and credit columns are P25,350 and P28,750, respectively. It can be concluded the company has a: a, net income of P3,400 b. net loss of P3,400 C. P54,100 net loss d. P54,100 net income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:11. Which of the following appears in the balance sheet debit column of a
worksheet?
a. service revenue
b. income summary
c. owner withdrawals
d. accounts payable
12. If the unearned service revenue account had an unadjusted normal balance
of P3,800, and an adjustment was made debiting the account for P500, the
account would appear on the adjusted trial balance of the worksheet as a:
a. P4,300 debit
b. P4,300 credit
C. P3,300 credit
d. P3,300 debit
15. After all the account balances have been extended to the balance sheet
columns of the worksheet, the totals of the debit and credit columns are
P25,350 and P28,750, respectively. It can be concluded the company has a:
a, net income of P3,400
b. net loss of P3,400
C. P54,100 net loss
d. P54,100 net income
319
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