trail balance not includeO revenue.O cost of goods sold.O Ending inventory.O fright-in account.Dividend occur in theO single step income ststement.multiple step statement.O retained earning.Balance sheet. check under collection in the bank reconciliation statementdeduct from balance per bank.Add to balance per bank.Deduct from balance per book.O Add to balance per book.The adjusting entry for the prepaid wages will beWages expense debit, prepaid wages expense credit.Wages expense debit, cash credit.Prepaid wages expense debit , wages expense credit.Cash debit , prepaid wages credit.After prepear bank reconcilition ststemrnt, the entries will record in theCompany records.Both company and bank records.Bank records.No one of above.

Trail balance consists of general ledger balances.Summation of all debits should equal to summation…

Answered: trail balance not include O revenue.…

Business

Accounting

trail balance not include O revenue. cost of goods sold. O Ending inventory. O fright-in account.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

trail balance not include
O revenue.
O cost of goods sold.
O Ending inventory.
O fright-in account.
Dividend occur in the
O single step income ststement.
multiple step statement.
O retained earning.
Balance sheet.

check under collection in the bank reconciliation statement
deduct from balance per bank.
Add to balance per bank.
Deduct from balance per book.
O Add to balance per book.
The adjusting entry for the prepaid wages will be
Wages expense debit, prepaid wages expense credit.
Wages expense debit, cash credit.
Prepaid wages expense debit , wages expense credit.
Cash debit , prepaid wages credit.
After prepear bank reconcilition ststemrnt, the entries will record in the
Company records.
Both company and bank records.
Bank records.
No one of above.

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