11. on a Worksheet, the Adjusted Balance of the Supplies Account Is Extended to The

11. On a worksheet, the adjusted balance of the Supplies account is extended to the ______column. a) Income Statement Debit b) Income Statement Credit c) Balance Sheet Debit d) Balance Sheet Credit

12. On a worksheet, the adjusted balance of the Supplies Expense account is extended to the ______column. a) Income Statement Debit b) Income Statement Credit c) Balance Sheet Debit d) Balance Sheet Credit

13. On a worksheet, the adjusted balance of the Prepaid Rent account is extended to the ______column. a) Income Statement Debit b) Income Statement Credit c) Balance Sheet Debit d) Balance Sheet Credit

14. On a worksheet, the adjusted balance of the revenue account Fees Income would be extended to the ______column. a) Income Statement Debit b) Balance Sheet Credit c) Balance Sheet Debit d) Income Statement Credit

15. On the worksheet, the Balance Sheet columns should balance: a) before the net income amount is added to the Balance Sheet Debit column. b) after the net income amount is added to the Balance Sheet Debit column. c) after the net income amount is added to the Balance Sheet Credit column. d) before the net income amount is added to the Balance Sheet Credit column.

16. On a worksheet, the adjusted balance of a contra asset account would be extended to the ______column. a) Balance Sheet Debit b) Balance Sheet Credit c) Income Statement Debit d) Income Statement Credit

17. On a worksheet, a net loss is: a) recorded in the Income Statement Debit column. b) recorded in the Balance Sheet Debit column. c) recorded in the Balance Sheet Credit column. d) not recorded.

18. The adjustments made on the worksheet: a) are posted to the ledger but are not recorded in the journal. b) are recorded in the journal but are not posted to the ledger. c) need not be entered in the journal or the ledger. d) are recorded in the journal and then posted to the general ledger accounts.

19. On a balance sheet, Accumulated Depreciation—Equipment is reported as a(n): a) deduction from the cost of the equipment. b) liability. c) expense. d) deduction from the total of the assets.

20. The book value of long-term assets is reported on the: a) income statement. b) statement of owner's equity. c) balance sheet. d) worksheet.