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?
The adjusted trial balance shows __________.
account balances after
revenue and expense
account balances before
balance sheet accounts only
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?