Question: EB 4 . LO 4 . 2 What two accounts are affected by the needed adjusting entries? A . supplies actual counts are lower than

EB 4.
LO4.2What two accounts are affected by the needed adjusting entries?
A. supplies actual counts are lower than account balance
B. employee salaries are due but not paid at year end
C. insurance premiums that were paid in advance have expired

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

LO 4 . 2 What two accounts are affected by the needed adjusting entries? supplies actual counts are lower than account balance employee salaries are due but not paid at year end insurance premiums...

Q:

What two accounts are affected by the needed adjusting entries? A. Supplies actual counts are lower than account balance B. Employee salaries are due but not paid at year end C. Insurance premiums...

Q:

LO 4 . 2 What two accounts are affected by the needed adjusting entries? A . supplies actual counts are lower than account balance B . employee salaries are due but not paid at year end C . insurance...

Q:

attached was the journal entries and then all info from january. i am needing the general ledger for febuary, the trial balance and adjusted trial balance, balance sheet, income statement,ect. My...

Q:

practice case i need help with. just need the 3 steps. Bookkeeping for a small business organization Case: Bob fix-it-all - August 2021 By Zihao (Emily) Xu Bob I just retired in his early 50's and...

Q:

HP Cat Cuito A Conditional Formatting - Promas Table lili HI WE 29 o 22 Aigner Tube M 33 A B G 1 Tom knew that accounting was based on accruals and some adjustments were needed at the end of...

Q:

jornalize jornalization is amlost done except last two post to ledjer account is still still need to be done and prepare adjusting and closing entries and post to ledger accounts S O Dug S -Lot...

Q:

Adjusted Trial Balance Shaded cells have feedback. X . 2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance How does grading work? Emerson...

Q:

99,000 13,500 700,000 56,774 125,000 40,000 1 Income taxes payable 22 Uneamed cent revenue 23 Bonds Payable 24 Premium on Bonds Payable 25 Common stock 26 PIC In Excess of Par-Common Stock 27...

Q:

submission consist of: can you help me how to A NEW MS WORD FILE WITH a One-page report comparing HEMI to its competitor (Wajax Corporation). b. Explain why the gross profit is higher under one...

Q:

A manufacturer of automobile headlights claims that 10% of a batch of these headlights are defective. A quality control inspector tests a random selection of 300 headlights in the batch. The number...

Q:

Question 2 30 Marks Penguin Ltd began operations on 1 July 2019. One year after operations, the entity presents its first Statement of Comprehensive Income and Statement of Financial Position on 30...

Q:

Question 4 All of the following are risk factors for a learning disability except: tow thith weight and / or premature burth Famly history Delay in emergent Iteracy shalls Child's diet

Q:

A particle is moving in three dimensions and its position vector is given by; r(t) = (4, 4t + 2, 3t)i + (4, 5t - 2, 3)2 + (3, 3t + 3, 1t)k where r is in meters and t is in seconds. Determine the...