The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | Apr 2017 |
| Last Sign in: | 327 Weeks Ago, 4 Days Ago |
| Questions Answered: | 12843 |
| Tutorials Posted: | 12834 |
MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
QUESTION 20 Sip-aims SaveAnswer The following is a partial list ofaccounts fi'om a company‘s December 31, 2013 , adjusted Trial Balance. Accounts Receivable $ 12,000 Unearned Revenue $163 30
Interest Revenue 22 ,573 Retained Earnings (131.513) 132,725
Utilities Expense 5,900 Prepaid Expenses 4,600
Dividends 6,400 Service Revenue IS ,800
Salary Expense 2? ,2 30 Interest Expense 3,600
Accrued Expenses Payable 9,230 Rent Expense 13 ,900 20. ‘Which ofthe fiollowing wouldn_ot be part ofthe closing entries? C. A- Credit to Retained earnings for $6,400 Cl
U: ' Credit to Rent expense for $ 1 3,900 O C' Credit to Income Summary for $98,325
D. C. Credit to Dividends for $6,400 C E- Debit to Service Revenue for 5 73,300 QUESTION 21 Sip-aims SaveAnswer The purpose ofthe Statement of-Cash Flows is to the show the sources and uses ofcash. Also, the statement compares cash at the
beginning ofthe period to cash at the end ofthe period. C) True
Q False
-----------