Question: There are 2 multiple choice questions here. I need the answers within 1 hour. Please only accept this question if you can answer it within

There are 2 multiple choice questions here. I need the answers within 1 hour. Please only accept this question if you can answer it within 1hour.

  1. Which of the following accounts has a normal debit balance?

A.Revenue

  • B.Notes Payable
  • C.Cash
  • D.Accounts Payable

2.Robert Rogers, CPA, performed accounting services for a client in December. A bill was mailed to the client on December 30. Roberts received a check by mail on January 5. As per the revenue recognition principle, the related account that should appear on the balance sheet as of December 31 is:

A.Prepaid Expense.

  • B.Accounts Receivable.
  • C.Unearned Revenue.
  • D.Accounts Payable.

3.The adjusted trial balance helps to identify:

A.account balances after adjustments.

  • B.revenue accounts only.
  • C.account balances before adjustments.
  • D.amounts that are out of balance.

4.Which of the following statements is true of the worksheet?

A.The Net Income is recorded in the income statement credit column.

  • B.The Net Income is recorded in the adjusted trial balance debit column.
  • C.The Net Income is recorded in the income statement debit column.
  • D.The Net Income is recorded in the balance sheet debit column.

5.Which of the following accounts will be included in a post-closing trial balance?

A.Service Revenue

  • B.Rent Expense
  • C.Interest Expense
  • D.Unearned Service Revenue

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