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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 35 times)

Wadzanai

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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
YES! Correct, THANKS for helping me on my review

amandalm

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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