题目内容

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
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C. Depreciation
D. Expiration

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

A. DebitSupplies$200
B. CreditSupplies$500
C. DebitSuppliesExpense$200
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OnDecember1,realestatereceived$4,800fromatenantforthreemonths’rent.ThereceiptwascreditedtoUnearnedRentRevenue.WhatadjustingentryisneededonDecember31?

A. RentRevenue1600UnearnedRentRevenue1600
B. UnearnedRentRevenue1600RentRevenue1600
C. UnearnedRentRevenue3200RentRevenue3200
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WhichofthefollowingisNOTacorrectstatementaboutadjustingentries?

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

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

________istheallocationofthecostofanassetovertheasset'susefullife.

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

OnDecember1,realestatereceived$4,800fromatenantforthreemonths’rent.ThereceiptwascreditedtoUnearnedRentRevenue.WhatadjustingentryisneededonDecember31?

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