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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
losses as credit standards are relaxed?
Question 15•
A company usually determines the amount of supplies used during a
period by:
Question 16•
If a company is given credit terms of 2/10, n/30, it should