The Accounting Cycle Adjusting Entries and Closing the Accounting Period, Exam 5 - The Accounting Cycle Adjusting Entries and Closing the Accounting

The Accounting Cycle Adjusting Entries and Closing the Accounting Period, Exam 5

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The Accounting Cycle: Adjusting Entries and Closing the Accounting Period, Exam 5 100.0/100.0 points Question 1 of 20 5.0/ 5.0 PointsAn adjustment for Prepaid Rent would indicate the amount A. originally paid. B. expired. C. on hand. D. of the trial balance. Question 2 of 20 5.0/ 5.0 PointsThe income statement debit column of the worksheet showed the following expenses: Supplies Expense$600Depreciation Expense400Salaries Expense300A. Income Summary1,300Supplies Expense600Depreciation Expense400Salaries Expense300
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Question 3 of 20 5.0/ 5.0 PointsClosing entries are prepared
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Question 4 of 20 5.0/ 5.0 PointsIf the adjustment for Supplies used during the period wasn’t made,
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