Unformatted text preview: Stockholder’s Equity unaffected. b. Total Assets overstated, Total Liabilities unaffected, and Total Stockholder’s Equity overstated. c. Total Assets understated, Total Liabilities unaffected, and Total Stockholder’s Equity understated. d. Total Assets understated, Total Liabilities understated, and Total Stockholder’s Equity unaffected. 14. When Heide posts the journal entries for the month, the postings will be to the: a. General Ledger: list of account titles b. General Journal c. Trial Balance: all account tiles and ending balance. Finical statements d. Respective financial statements 15. The account balances for several of Dina’s Corporation accounts and their balances are listed below in alphabetic order: Accounts Payable $10,000 Merchandise Inventory 20,000...
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- Fall '07
- Accounting, Generally Accepted Accounting Principles, total assets, total liabilities, Skating Rink, Dina's Corporation