Income statement, balance sheet,
statement of retained earnings
Income statement, statement of
retained earnings, balance sheet
Question 2. Question :
A 10-column spreadsheet used
to draft a company's unadjusted trial balance, adjusting
entries, adjusted trial balance and financial statements and
which is an optional tool in the accounting process is a(n):
Adjusted trial balance
Work sheet
Post-closing trial balance
Unadjusted trial balance
General ledger
Question 3. Question :
The Retained Earnings account
has a credit balance of $17,000 before closing entries are
made. If total revenues for the period are $55,200, total
expenses are $39,800 and dividends are $9,000, what is the
ending balance in the Retained Earnings account after all
closing entries are made?
Question 4. Question :
A company earned $2,000 in
net income for October. Its net sales for October were
$10,000. Its profit margin is: