Cengagenowv2, 1 Term Printed Access Card For Scott's College Accounting: A Career Approach, 13th
Cengagenowv2, 1 Term Printed Access Card For Scott's College Accounting: A Career Approach, 13th
13th Edition
ISBN: 9781337280730
Author: Scott, Cathy J.
Publisher: Cengage Learning
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Chapter 2, Problem 5QY

When preparing a trial balance, which of the following is correct?

  1. a. The purpose of the trial balance is to prove that the total of all debit balances equals the total of all credit balances.
  2. b. Advertising Expense would normally be recorded as a credit.
  3. c. The trial balance is considered to be a financial statement.
  4. d. Supplies would normally be recorded as a credit.
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Cengagenowv2, 1 Term Printed Access Card For Scott's College Accounting: A Career Approach, 13th

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