Tester

DearProf,

How areyou? Hope all is well with you. Im thoroughly enjoying the class notwithstanding Imconcerned about this quiz 2. After I finished winning the quiz and submitted it,Im not sure what happened,I submitted my answers and either the cyberspace went down or I got logged out ofthe moodle website.
Please validate if it went through on your end.





thanksfor your time.

sincerely,

Godstime

Marks: 3
Liabilities
opt unmatched answer.
| a. are future economic benefits | |
| b. Are existing debt and obligations | |
| c. Are things of value used by the business in its appendage | |
| d. All of the preceding(prenominal) | |
| e. N wholeness of the above | |
Marks: 3
Which of the following IS NOT a satisfactory statement of the business relationship ( repose sheet) equation?
Choose one answer.
| a. Assets = Liabilities - Owners equity | |
| b. Assets - Liabilities = Owners equity | |
| c. Assets = Liabilities + Owners equity | |
| d. Assets - Owners equity = Liabilities | |
| e. None of the above, because all are satisfactory statements of the balance sheet equation | |
Marks: 4
On frame in 31, Calvin Co owed employees $800 in salaries that the club will pay in April.



What is the adjusting entry that will be required (if any) on sue 31 in the quarterly financial statements?
Choose one answer.
| debit profit outlay; credit Accounts payable with $800 | |
| debit entry Salary payable and Credit Salary expense with $800 | |
| debit entry Salary expense and Credit cash with $800 | |
| Debit Salary expense and Credit Salary payable with $800 | |
| None of the above because no adjusting entry is required. | |
Marks: 3
When a company receives the service and a bill for electricity consumed, but does not pay it right away, the required journal entry is:
Choose one answer.
| Debit expense; credit accounts receivable | |
| Debit Prepaid expense; credit accounts payable | |
| Debit expense; credit...If you want to get a full essay, order it on our website: Orderessay



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