题目内容

OnJanuary1ofthecurrentyear,Aladdincompanypaid$600renttocoversixmonths(January-June). Aladdinrecordedthistransactiontodebitprepaidrent.Aladdinadjuststheaccountsattheendofeachmonth.Basedonthesefacts,theadjustmententryattheendofJanuaryshouldinclude

A. acredittoprepaidrentfor$500
B. adebittoprepaidrentfor$500
C. acredittoprepaidrentfor$100
D. adebittoprepaidrentfor$100

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Solarcompanyhasaone-monthaccountingperiod.OnMarch31,anadjustingentryrecordedMarchsalaryexpensethatwillbepaidinApril.WhichstatementsbestdescribestheeffectofthisadjustingentryonSolar’saccountingequation?

A. assetsarenotaffected,liabilitiesareincreased,andstockholders’equityisincreased
B. assetsaredecreased,liabilitiesareincreased,andstockholders’equityisdecreased
C. assetsarenotaffected,liabilitiesareincreased,andstockholders’equityisdecreased.
D. assetsaredecreased,liabilitiesarenotaffected,andstockholders’equityisdecreased.

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______accountingrecordstheimpactofabusinesstransactionasitoccurs,evenifthebusinessreceivesorpaysnocash.

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_____accountingrecordsonlycashtransasctions (cashreceiptsandcashpayments).

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The_____principledealswithtwoissues:

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OnJanuary1ofthecurrentyear,Aladdincompanypaid$600renttocoversixmonths(January-June). Aladdinrecordedthistransactiontodebitprepaidrent.Aladdinadjuststheaccountsattheendofeachmonth.Basedonthesefacts,theadjustmententryattheendofJanuaryshouldinclude

A. acredittoprepaidrentfor$500 B. adebittoprepaidrentfor$500 C. acredittoprepaidrentfor$100 D. adebittoprepaidrentfor$100

Solarcompanyhasaone-monthaccountingperiod.OnMarch31,anadjustingentryrecordedMarchsalaryexpensethatwillbepaidinApril.WhichstatementsbestdescribestheeffectofthisadjustingentryonSolar’saccountingequation?

______accountingrecordstheimpactofabusinesstransactionasitoccurs,evenifthebusinessreceivesorpaysnocash.

_____accountingrecordsonlycashtransasctions (cashreceiptsandcashpayments).

The_____principledealswithtwoissues:

A. acredittoprepaidrentfor$500
B. adebittoprepaidrentfor$500
C. acredittoprepaidrentfor$100
D. adebittoprepaidrentfor$100