Chapter 15 Accounting 1 Cengage

Trial balance before adjusting entries.

• post closing trial balance

• closing trial balance

• worksheet

• unadjusted trial balance

Portion of plant asset cost transferred to an expense.

• accrued revenue

• plant assets

• depreciation expense

• depreciation

Actual count of inventory at end of period.

• beginning inventory

• ending inventory

• closing inventory

• merchandise

Interest earned but not yet received.

• accrued interest income

• declining interest

• accrued revenue

• adjustable interest

Loss of usefulness of an asset as a result of wear and tear.

• depreciation expense

• depletion

• depreciation

• erosion

Trial balance after adjusting entries.

• adjusted trial balance

• opening trial balance

• unadjusted trial balance

• trial balance

Tax rate associated with a tax bracket.

• effective tax rate

• marginal tax rate

• tax exemption

• tax deduction

Revenue earned but not yet received until later.

• accrued interest income

• unearned revenue

• marginal tax rate

• accrued revenue

Inventory on hand at beginning of period.

• beginning inventory

• merchandise inventory

• ending inventory

• merchandise

Each tax rate and taxable income amount on one line of tax table.

• marginal tax rate

• tax deduction

• tax bracket

• effective tax rate