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Author Question: If services for the month total 7,000 in cash and 1,500 on account, the revenue account increases ... (Read 88 times)

Wadzanai

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  • Posts: 528
on: Jul 5, 2018
If services for the month total 7,000 in cash and 1,500 on account, the revenue account increases 5,500.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

In the two-worksheet approach, which of the following worksheet adjustments would not be made for the balance sheet?
 
  A. Add capital assets.
  B. Add accrued interest payable.
  C. Add depreciation expenses.
  D. Add bonds payable.


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xMRAZ

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Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

C


Wadzanai

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  • Posts: 528
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

scikid

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  • Posts: 300
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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