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1. Which of the following does NOT need to be completed separately if a worksheet is prepared?

1. Which of the following does NOT need to be completed separately if a worksheet is prepared?
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ACCOUNTING

1. Which of the following does NOT need to be completed separately if a worksheet is prepared?

2. When a trial balance is in balance:

3. Equipment cost $36,000 and is expected to be useful for 5 years and have no salvage value. Under the straight-line method, monthly depreciation will be:

4. On a worksheet, the adjusting entry to account for depreciation of equipment consists of a debit to _ and a credit to __.

5. On November 25, 2010, the company paid $24,000 rent in advance for a six-month period (December 2010 through May 2010). On December 31, 2010, the adjustment for expired rent would include a:

6. The adjusting entry to account for use of supplies consists of a debit to ___ and a credit to__.

7. The adjusting entry to account for use of prepaid insurance consists of a debit to __ and a credit to __.

8. The adjusting entry to account for use of prepaid advertising consists of a debit to __ and a credit to __.

9. On a worksheet, the adjusted balance of the Accumulated Depreciation account is extended to the ___ column.

10. On a worksheet, the adjusted balance of the Depreciation Expense account is extended to the __ column.

11. On a worksheet, the adjusted balance of the Supplies account is extended to the __ column.

12. On a worksheet, the adjusted balance of the Supplies Expense account is extended to the _____ column.

13. On a worksheet, the adjusted balance of the Prepaid Rent account is extended to the ___ column.

14. On a worksheet, the adjusted balance of the revenue account Fees Income would be extended to the ___ column.

15. On the worksheet, the Balance Sheet columns should balance: (Points: 5)

16. On a worksheet, the adjusted balance of a contra asset account would be extended to the __ column.

17. On a worksheet, a net loss is:

18. The adjustments made on the worksheet:

19. On a balance sheet, Accumulated Depreciation—Equipment is reported as a(n):

 

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