which of the following is not considered an adjustment?

A. Updating liability and asset accounts to their proper balances. $13,011 (property, plant, equip - accumulated depreciation). a. depreciation b) Net income will be understated and total assets will be understated. a. records revenues when they are earned and expenses when they are paid . If the effect of the debit portion of an adjusting entry is to increase the balance of an expense account, which of the following describes the effect of the credit portion of the entry? An entry to convert an asset to an expense. This memorandum surveys U.S. economic sanctions and anti-money laundering ("AML") developments and trends in 2022 and provides an outlook for 2023. c) Matching Rent Revenue 1,900. b) As a liability on the balance sheet. Capital, assets c. Liability, expenses d. Assets, expenses e. Common stock, dividends, Which of the following are all temporary accounts? a) Assets, expenses, and withdraws b) Assets, liabilities, and revenues c) Expense, assets, and capital d) Withdrawals, liabilities, and capital, Which one of the following represents the expanded basic accounting equation? c. revenue, asset c. common stock By writing-down a fixed asset's depreciable cost now, there is less depreciation expense to match against future revenues. Also indicate whether the items in error will be overstated or understated. b) Consumed. List of Disabilities Covered Under ADA | UpCounsel 2023 Use the following account types to form the expanded accounting equation. C) Only to correct errors in the initial recording of business transactions. Assets C. Owner's equity D. Liabilities, Which one of the following disclosures is required by generally accepted accounting principles? She seems nervous about it. 1) Before any month-end adjustments are made, the net income of Russell Company is $38,000. Revenues, liabilities, capital b. What is the term for the basic tool of accounting, stated as Assets = Liabilities + Equity? 6 2/3 Accounting - Chapter 4 Flashcards | Quizlet c) Debit Accrued Interest Payable $6,300. D. Geologists. Fiscal Technician I at Mount San Antonio College | EDJOIN A. expenses and liabilities B. expenses and revenues C. revenues and liabilities D. expenses and assets, Which one of the following groups of accounts contains only assets? Inform Mr. Brown that his account will go to a collection agency if it remains unpaid by the 25th. c) To prepare the revenue and expense accounts for recording transactions of the following period. b. revenue and the dividends account Assets and Revenues b. Accounts Receivable 1) Unearned revenue appears: .c) A credit to Child Care Fees Earned of $4,500. d) $117,000. b. a. = 2 5/20 a. Why or why not? a) Only if a manual accounting system is used in both periods. d) Balance sheet items are presented before income statement items. These adjustments are discussed below. Give Mr. Brown a tactful collection call. - bills for ads that appeared in prior month's local newspaper, - premium paid on a one-year insurance policy. a. assets b. liabilities c. gains d. expenses, What type of account is prepaid expense? This payment included interest charges of $6,300, $2,100 of which were applicable to the period from January 1 through January 10.

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