All of the following are expense accounts except: ()
A. Rent expense.
B. Prepaid Insurance.
C. Supplies expense.
Depreciation expense.
查看答案
Which of the following does not require an adjusting entry at year-end? ()
Accrued interest on notes payable.
B. Supplies used during the period.
Cash invested by owner.
D. Accrued wages.
When closing entries are made: ()
All ledger accounts are closed to start the new accounting period.
B. All permanent accounts are closed but not the nominal accounts.
C. All real accounts are closed but not the nominal accounts.
D. All temporary accounts are closed but not the permanent accounts.
A credit is used to record: ()
An increase in an expense account.
B. A decrease in an asset account.
C. A decrease in an unearned revenue account.
D. A decrease in a revenue account.
Of the following accounts, the one that normally has a credit balance is: ()
A. Cash.
B. Office Equipment.
C. Wages Payable.
D. Owner, Withdrawals.
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