Question 13 1 an adjusting entry is completed at the

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Question 13 1. An adjusting entry is completed __________. at the beginning of the accounting period at the end of the accounting period after all performance obligations are satisfied when accounts need to be balanced in the ledger
5 points Question 14 1. Which of the following is a contra account?
5 points Question 15 1. The allocation of a plant asset's cost to expense over its useful life is called __________.
5 points Question 16 1. The accountant of Reliable Consulting Company failed to make an adjusting entry to record $6,000 for unearned service revenues that were earned before the end of the fiscal year. Assume the company initially recorded a liability. Which of the following statements is TRUE?
5 points Question 17 1. The adjusted trial balance shows __________. account balances after adjustments revenue and expense accounts only account balances before adjustments balance sheet accounts only
5 points Question 18 1. The asset account, Office Supplies had a beginning balance of $5,700. During the accounting period, office supplies were purchased, on account, for $5,100. A physical count, on the last day of the accounting period, shows $2,000 of office supplies on hand. What is the amount of Supplies Expense for the accounting period?
5 points Question 19 1. Princeton Financial Services Company purchased computers that are to be used in its consulting services. Based on the matching principle, what account, other than Computers, should appear on the balance sheet as of December 31 of that same year?
5 points Question 20 1. Accumulated depreciation is a(n) __________ account and carries a normal __________ balance.

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