Which of the following is prepared first A Balance sheet B Income statement C

Which of the following is prepared first a balance

  • Ashworth College
  • EXAM 5
  • Test Prep
  • Yankee7903
  • 10
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Question 16 of 40 2.5/ 2.5 Points Which of the following is prepared first? A. Balance sheetB. Income statementC. Statement of owner's equityD. Trial balance Question 17 of 402.5/ 2.5 PointsA list of all the accounts from the ledger with their ending balances is called a __________. Question 18 of 402.5 / 2.5 PointsA debit to a liability account was posted to the capital account. This error would cause __________. Question 19 of 40 2.5 / 2.5 Points
A debit to a liability account was posted to a revenue account. This error would cause __________. Question 20 of 402.5/ 2.5 PointsGiven the following list of accounts with normal balances, what are the trial balance totals of the debits and credits?Cash$1000Equipment500Accounts Payable350Capital900Service Fees1000Salaries Expense750 A. $3,250 debit, $3,250 creditB. $1,125 debit, $1,125 creditC. $4,500 debit, $4,500 creditD. $2,250 debit, $2,250 credit Part 2 of 2 - Lesson 5 Questions Question 21 of 40 2.5/ 2.5 Points The general journal __________. Question 22 of 402.5/ 2.5 PointsThe posting reference column in the journal is used for __________. Question 23 of 402.5 / 2.5 PointsA credit to an asset account was posted to an expense account. This would cause __________.

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