$100,000
$150,000
$200,000
Question 16. Question :
entries is to:
The main purpose of adjusting
Record external transactions and
events
Record internal transactions and events
Recognize assets purchased during the
period
Recognize debts paid during the period
Correct errors
Question 17. Question :
statements is incorrect?
Which of the following
An income statement reports revenues
earned less expenses incurred
An unadjusted trial balance shows the
account balances after they have been revised to reflect the
effects of end-of-period adjustments