Question: Pleaser answer all thanks 2.63 points On a worksheet, Merchandise Inventory is extended form the trial balance to the: O Balance Sheet Credit Column Income

Pleaser answer all thanks

Pleaser answer all thanks 2.63 points On a worksheet, Merchandise Inventory is

2.63 points On a worksheet, Merchandise Inventory is extended form the trial balance to the: O Balance Sheet Credit Column Income Statement Credit Column Balance Sheet Debit Column Income Statement Debit Column 2.63 points On a worksheet, the Income Statement credit total is $1,200 and the Income Statement debit total is $800. The company has a: Net loss of $2,000 Net income of 2,000 Net income of $400 Net Loss of $400 2.63 points On a worksheet, Sales is extended form the trial balance to the: Income statement debit column Balance sheet credit column Balance sheet debit column Income statement credit column 2.63 points Store Equipment has a balance of $30,000. The equipment has depreciated to $3,000 during the fiscal period. At the end of the year, how is the adjusting entry for depreciation recorded on a multi-column trial balance worksheet? In the adjustments columns, debit Depreciation Expense - Store Equipment, $3,000; credit Accumulated Depreciation - Store Equipment, $3,000 In the adjustments columns, debit Depreciation Expense - Store Equipment. $3,000; credit Store Equipment, $3,000 In the adjustments columns, debit Store Equipment, $3,000; credit Depreciation Expense - Store Equipment, $3,000 In the adjustments columns, debit Accumulated Depreciation - Store Equipment, $3,000; credit Depreciation Expense - Store Equipment, $3,000

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!