Which account is always carried over from the unadjusted trial balance columns of a work sheet to the balance sheet columns of the work sheet without any adjustment?
a. Accumulated depreciation
b. Depreciation expense
c. Cash
d. All of these are adjusted.
c
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On August 31, 2018, Allright Services received $3,500 in advance of performing the service. Which journal entry is needed to record the receipt of cash?
A) Debit Unearned Revenue $3,500, and credit Cash $3,500. B) Debit Cash $3,500, and credit Service Revenue $3,500. C) Debit Unearned Revenue $3,500, and credit Service Revenue $3,500. D) Debit Cash $3,500, and credit Unearned Revenue $3,500.
The board of directors of Irondale Corporation declared a cash dividend of $2.50 per share on 57,000 shares of common stock on June 14, 2010 . The dividend is to be paid on July 15, 2010, to shareholders of record on July 1, 2010 . The proper entry to be recorded on July 15, 2010, will be:
a. Cash 142,500 Dividends Payable 142,500 b. Dividends Payable 142,500 Cash 142,500 c. Cash 142,500 Dividends 142,500 d. Dividends 142,500 Cash 142,500
Costs that are necessary to sustain an organization's operations are referred to as ____________________________
Fill in the blank(s) with correct word
Which of the following statements regarding budgets is true?
A. Budgets are meant for poor people only. B. Budgets need software to be effective. C. Budgets are forward looking. D. Budgets do not need to be revised. E. Budgets provide long-term financial forecasts.