Author Question: If services for the month total 7,000 in cash and 1,500 on account, the revenue account increases ... (Read 21 times)

Wadzanai · **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.