Ch4_Summary_Practice_Test - Ch 4 Summary Practice Test...

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Ch 4 Summary Practice Test Name: Section: Date: Part I Instructions Fill in the blank to complete the statement. 1. Adjustments are the result of transactions. 2. A will increase accumulated depreciation. 3. affect both the income statement and balance sheet. 4. The adjustment for supplies reflects the amount of supplies . 5. Supplies Expense is found on the income statement. Supplies are found on the . 6. reflects the cost of equipment at time of purchase. 7. Depreciation Expense is found on the . 8. is a contra asset that has a credit balance. 9. Accumulated Depreciation, a contra asset, is found on the . 10. Historical or original cost of an auto less reflects the unused amount of the auto on the accounting books. 11. Withdrawals are found in the column of the balance sheet section of the worksheet. 12. Salaries Payable is a liability that will appear in the of the worksheet. 13. The figure for net income on the worksheet is carried over to the column of the balance sheet. 14. A worksheet is a(n) report. 15. are prepared after the completion of the worksheet. Part II Instructions
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Ch4_Summary_Practice_Test - Ch 4 Summary Practice Test...

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