The Income Statement columns of a work sheet include all revenue and expense accounts
Indicate whether the statement is true or false
T
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Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books: 1. Andrea invested $13,900 cash in the business in exchange for common stock. 2. Andrea contributed $24,000 of photography equipment to the business. 3. The company paid $2500 cash for an insurance policy covering the next 24 months. 4. The company received $6100 cash for services provided during January. 5. The company purchased $6600 of office equipment on credit. 6. The company provided $3150 of services to customers on account. 7. The company paid cash of $1900 for monthly rent. 8. The company paid $3500 on the office equipment purchased in transaction #5 above. 9. Paid $315 cash for January utilities. Based on
this information, the balance in the cash account at the end of January would be: A. $16,050. B. $19,900. C. $14,935. D. $46,650. E. $11,785.
The variable overhead efficiency variance is the difference between actual total overhead costs incurred and the total overhead costs applied using the standard overhead rates
Indicate whether the statement is true or false
A seller's marketing mix should satisfy both the needs of the customer company and the needs of individuals in the buying center.
Answer the following statement true (T) or false (F)
The adjusted trial balance contains information pertaining to:
A. Income statement accounts only. B. Balance sheet accounts only. C. Asset accounts only. D. Revenue accounts only. E. All general ledger accounts.