GB518 Unit 2 Quiz

GB518 Unit 2 Quiz


A
Asked by 2 years ago
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1.

Question :

A post-closing trial balance includes:

Student Answer:

All ledger accounts with balances, none of which can be temporary accounts

All ledger accounts with balances, none of which can be permanent accounts

All ledger accounts with balances, which include some temporary and some permanent accounts

Only revenue and expense accounts

Only asset accounts

Points Received:

2 of 2

Comments:

Question2.

Question :

If accrued salaries were recorded on December 31 with a credit to Salaries Payable, the entry to record payment of these wages on the following January 5 would include:

Student Answer:

A debit to Cash and a credit to Salaries Payable

A debit to Cash and a credit...

GB518 Unit
Ash

1 Answer

A
Answered by 2 years ago
0 points

Oh Snap! This Answer is Locked

GB518 Unit 2 Quiz

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Excerpt from file: *Timesaredisplayedin(GMT07:00)MountainTime(US&Canada) 1. Question: StudentAnswer: Apostclosingtrialbalanceincludes: Allledgeraccountswithbalances,noneofwhichcanbe temporaryaccounts Allledgeraccountswithbalances,noneofwhichcanbe permanentaccounts Allledgeraccountswithbalances,whichincludesome

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Asked: 2 years ago

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