« previous next »

Author Question: Net income appears on the work sheet in the a. Adjusted Trial Balance Debit column. b. Balance ... (Read 175 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
on: Jul 6, 2018
Net income appears on the work sheet in the
 a. Adjusted Trial Balance Debit column.
   b. Balance Sheet Debit column.
   c. Income Statement Debit column.
   d. Income Statement Credit column.
   e. Adjustments Debit column.

Question 2

In the completed work sheet, which of the following sets of columns would contain the two balances in the Income Summary account representing beginning and ending inventory when using the periodic inventory system?
 a. Adjustments and Balance Sheet columns
   b. Trial Balance and Adjustments columns
   c. Adjustments and Income Statement columns
   d. Trial Balance and Income Statement columns
   e. Trial Balance and Balance Sheet columns


mohan

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jul 6, 2018
Answer to Question 1

c

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Ecosystem and Balance Ecosystem and Balance
A typical hacksaw that is used to cut metal. If cutting sheet metal or thin objects, then use a ... A typical hacksaw that is used to cut metal. If cutting sheet metal or thin objects, then use a ...
The dorsal-column medial-lemniscus system. The pathways from only one side of the body are shown. The dorsal-column medial-lemniscus system. The pathways from only one side of the body are shown.
Acid–Base Balance Acid–Base Balance
What’s a Menstrual Cup and How Does It Work? What’s a Menstrual Cup and How Does It Work?
How do resultant force work among different angles? How do resultant force work among different angles?
Video: Monohybrid crosses

For a complete list of videos, visit our video library