An adjusting entry could contain all of the following

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College Accounting, Chapters 1-27
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Chapter 15 / Exercise 7
College Accounting, Chapters 1-27
Heintz/Parry
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4.An adjusting entry could contain all of the following EXCEPT a:A.debit to Unearned Revenue.B.credit to Cash.C.debit to Interest Receivable.D.credit to Salary Payable.
5.The 2012 income statement showed Rent Expense of $6,100. The related balance sheet account, Prepaid Rent, had a beginning balance of $1,400 and an ending balance of $1,200. The amount of cash paid for rent during 2012 is:
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College Accounting, Chapters 1-27
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Chapter 15 / Exercise 7
College Accounting, Chapters 1-27
Heintz/Parry
Expert Verified
Table 3-1Lemon Car Rental, Inc.Unadjusted Trial BalanceDecember 31, 2012Cash$7,450Prepaid insurance1,600Equipment19,000Accumulated Depreciation$4,200Accounts Payable5,000Common Stock10,000Retained Earnings5,600Dividends6,000Rental Revenue23,400Insurance Expense7,000Salary Expense4,000Repair Expense3,150$ 48,200$ 48,200Adjusting entries include:(1) Prepaid insurance used$1,600(2) Depreciation1,300$2,9006.Refer to Table 3-1. The credit column of the adjustedtrial balance should total:
7.Refer to Table 3-1. After posting adjusting entries, net income:
8.Which of the following is a permanent account?A.DividendsB.Prepaid InsuranceC.Insurance ExpenseD.Service Revenue
9.The entry required to close dividends at the end of the period should include a:
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10.Which of the following groups of accounts correctly appear on the post-closing trial balance?
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