题目内容

Ajournalentrycontainsadebittoaliabilityaccountandacredittoarevenueaccount.Thisisanexampleofa(n):

A. accruedexpense.
B. deferredexpense.
C. unearnedrevenue.
D. accruedrevenue.

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WhichofthefollowingisNOTacorrectstatementaboutadjustingentries?

A. Everyadjustingentryaffectscash.
B. Everyadjustingentryaffectsthebalancesheet.
C. Everyadjustingentryaffectsnetincome.
D. Everyadjustingentrymustbalance.

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WhattypeofaccountisUnearnedRevenue(asset,liability,stockholders’equity,revenue,orexpense)andwhatisitsnormalbalance,respectively?

Asset,debit
B. Expense,debit
C. Liability,credit
D. Revenue,credit

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________istheallocationofthecostofanassetovertheasset'susefullife.

Accrual
B. Deferral
C. Depreciation
D. Expiration

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Lin,Inc.purchasedsuppliesfor$700during2015.AtyearendLinhad$500ofsuppliesonhand.Theadjustingentryshould:

A. DebitSupplies$200
B. CreditSupplies$500
C. DebitSuppliesExpense$200
DebitSupplies$500

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Ajournalentrycontainsadebittoaliabilityaccountandacredittoarevenueaccount.Thisisanexampleofa(n):

A. accruedexpense. B. deferredexpense. C. unearnedrevenue. D. accruedrevenue.

WhichofthefollowingisNOTacorrectstatementaboutadjustingentries?

WhattypeofaccountisUnearnedRevenue(asset,liability,stockholders’equity,revenue,orexpense)andwhatisitsnormalbalance,respectively?

________istheallocationofthecostofanassetovertheasset'susefullife.

Lin,Inc.purchasedsuppliesfor$700during2015.AtyearendLinhad$500ofsuppliesonhand.Theadjustingentryshould:

A. accruedexpense.
B. deferredexpense.
C. unearnedrevenue.
D. accruedrevenue.