Additional data as of March 31, 20XX (ADJUSTING ENTRIES):
a. Interest earned on marketable securities,
But not received $ 120
b. Unpaid salaries 100
c. An unrecorded and unpaid advertising bill
Was discovered 85
d. Supplies on hand determined by a physical
Count 90
e. Depreciation on equipment not recorded 2,380
f. One-half of the prepaid insurance premiums
Expired during the period 360
g. Of the advances received from clients, $800
Has been earned 80 4
Questions 1-5: Select the one best answer to each question
(1) the total of the adjustments debit column is:
A. 3470, B.3575, C. 4065 D. 4425
I chose C
(2) The total bof the adjusted trial balance credit column is:
A. 35705, B 38005, C 36405 D 39785
I chose D
(3) The net income for the year ended march 31,20XX is:
A. 5265 B. 5385 C. 7765 D. 7985
I chose C
(4) The total of the balance sheet debit column is:
A. 19,735 B 22740 C 25120 D 30760
(5) The balance of the accounts payable account in the balance sheet credit column is:
A. 1125 B. 1210 C. 1295 D 1395
