trail balance not include O revenue. cost of goods sold. O Ending inventory. O fright-in account.
trail balance not include O revenue. cost of goods sold. O Ending inventory. O fright-in account.
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa1c3afbf-0e90-4aa3-9fa7-d9bc8e617f62%2Fa7f8595e-29fa-4433-80fc-b78b57cd7d55%2Felp98n_processed.png&w=3840&q=75)
Transcribed Image Text: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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa1c3afbf-0e90-4aa3-9fa7-d9bc8e617f62%2Fa7f8595e-29fa-4433-80fc-b78b57cd7d55%2F2ez6hil_processed.png&w=3840&q=75)
Transcribed Image Text: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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