• Question 8 All of the following are characteristics of every accounting information system except it is a system
• Question 9 Receivables are
• Question 10 Regions Inc. pays its rent of $ 48,000 annually on January 1 and makes monthly adjusting entries. If the February 28 monthly adjusting entry for prepaid rent is omitted, which of the following are true?
• Question 11 What is an advantage of using the multiple-step income statement?
Question 12� • The primary difference between accrued revenues and unearned revenues is that accrued revenues have:
Question 13� • Dobler Company gathered the following reconciling information in preparing its June bank reconciliation:
Cash balance per books, 6 / 30 |
$ 8,400 |
Deposits in transit |
600 |
Notes receivable and interest collected by bank |
1,480 |
Bank charge for check printing |
50 |
Outstanding checks |
3,000 |
NSF check |
280 |
The adjusted cash balance per books on June 30 is
Question 14� • Which of the following is least likely to help a company minimize