Bringing account balances up to date before preparing

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Question 9 of 402.5/ 2.5 PointsBringing account balances up to date before preparing financial reports is called __________.A. postingB. adjustingC. journalizingD. analyzing
Question 10 of 402.5/ 2.5 PointsThe entry to record the expiration of part of the prepaid rent will __________.
Question 11 of 402.5/ 2.5 PointsThe cost of an asset less accumulated depreciation equals __________.
Question 12 of 402.5/ 2.5 PointsWhen historical cost is used to record equipment, it would appear as the __________.
Question 13 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 14 of 402.5/ 2.5 PointsNot recording the Prepaid Rent used causes __________.
Question 15 of 400.0/ 2.5 PointsAs Prepaid Rent is used, the asset becomes a(n. __________.
Question 16 of 402.5/ 2.5 PointsWhich of the following would cause total assets to decrease and total expense to increase?
Question 17 of 40
The depreciation of equipment will require an adjustment that results in __________.A. total assets increasing and total expenses increasingB. total assets increasing and total expenses decreasingC. total assets and expenses decreasingD. total assets decreasing and total expenses increasing
Question 18 of 402.5/ 2.5 PointsIt's the end of the accounting period and no electric bill has been received (but the expense has been incurred.; you should record an entry that __________.

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