How many expenses are listed in the Trial balance as at June 2023

Chap 18

Quiz
•
Specialty
•
12th Grade
•
Hard
Tara Schwab
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5
8
6
4
2.
DRAW QUESTION
3 mins • 4 pts
Distinguish between a trial balance and adjusted trial balance

Answer explanation
A trial balance shows al debit and credi entries in the general ledger accounts. It is used to identify any errors in the recording process. Whereas an adjusted trial balance is pre pared after all balance day adjustments have been recorded.
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The adjustments for supreme trading are:
- Annual insurance expenses of $
100
2000
2500
1000
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
- Inventory loss of
55000
54600
400
500
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
- Bad debt write off of $1000
- allowance for doubtful debts to increase by $
200
1000
1200
500
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
-______ advertising of $300
Prepaid
Accrued
Expense
Unearned
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Depreciation of office furniture of $
300
36
360
3600
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