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Author Question: Unearned Revenue appears in the a. Trial Balance Credit column, Adjustments Debit column, Income ... (Read 145 times)

pane00

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on: Jul 6, 2018
Unearned Revenue appears in the
 a. Trial Balance Credit column, Adjustments Debit column, Income Statement Debit column, and Balance Sheet Debit column of a work sheet.
   b. Trial Balance Debit column, Adjustments Credit column, Adjusted Trial Balance Debit column, and Balance Sheet Credit column of a work sheet.
   c. Trial Balance Credit column, Adjustments Debit column, Adjusted Trial Balance Credit column, and Balance Sheet Credit column of a work sheet.
   d. Trial Balance Credit column, Adjustments Debit column, Adjusted Trial Balance Credit column, and Income Statement Credit column of a work sheet.
   e. Trial Balance Debit column, Adjustments Debit column, Adjusted Trial Balance Debit column, and Balance Sheet Debit column of a work sheet.

Question 2

Retirement of the principal of a bond anticipation notes that is recorded as a liability in a Capital Projects Fund should be reported in the Capital Projects Fund statement of revenues, expenditures, and changes in fund balance as
 
  a. Expenditures
  b. Other financing uses
  c. Special item
  d. None of the above


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Jevvish

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Reply #1 on: Jul 6, 2018
Answer to Question 1

c

Answer to Question 2

D


pane00

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Reply 2 on: Jul 6, 2018
Excellent

covalentbond

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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