A credit to an asset account was posted to an expense

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Question 38 of 402.5/ 2.5 PointsA credit to an asset account was posted to an expense account. This would cause __________.A. assets to be overstatedB. liabilities to be understatedC. capital to be understatedD. expenses to be overstated
Question 39 of 402.5/ 2.5 PointsA credit to a liability account was posted to an owner's equity account. This would cause __________.
Question 40 of 402.5/ 2.5 PointsA debit to a liability account was posted to a revenue account. This would cause __________.
EXAM 7Part 1 of 2 - Lesson 6 Questions47.5/ 50.0 PointsQuestion 1 of 402.5/ 2.5 PointsIf the Supplies account is not adjusted __________.
Question 2 of 402.5/ 2.5 PointsIf the balance of supplies at the start of the month was $900 and at the end of the month you had $450 on hand, the adjustment for Supplies would be __________.A. $450B. $550C. $350D. $900
Question 3 of 402.5/ 2.5 PointsThe order of the steps to prepare the worksheet are __________.
Question 4 of 402.5/ 2.5 PointsIf the adjustment for Supplies used during the period was not made __________.
Question 5 of 402.5/ 2.5 PointsIf Prepaid Rent for the period is not adjusted __________.

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