Postings to the accounts payable ledger should be made at the end ...

[sheilaspns]

Postings to the accounts payable ledger should be made at the end of the month only.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

Miss Happ of Ace Electronics forgot to make the adjusting entry for supplies used during the accounting period. As a result of this mistake ________.
 
  A) total liabilities are too low
  B) net income is too high
  C) net income is too low
  D) shareholders' equity is too low

[macagn]

Answer to Question 1

False

Answer to Question 2

B

[sheilaspns]

Thank you

[macagn]

Happy to help you