Question

WILL ANY ONE HELP ME IN ACCOUNTING
I WILL FAN AND MEDAL

Answer 1

What is the question and problem?

Answer 2

As Prepaid Rent is used, the asset becomes a/an
A. liability.
B. expense.
C. contra-asset.
D. revenue.

Answer 3

A

Answer 4

thnx don't go yet i got more

Answer 5

Ok

Answer 6

If the adjustment for Supplies used during the period wasn’t made,
A. expenses would be too low.
B. assets would be too low.
C. expenses would be too high.
D. revenue would be too high.

Answer 7

@One098

Answer 8

A

Answer 9

b or a

Answer 10

idk if it is b or a

Answer 11

sorry for bothering u but im in 11th grade taking college accounting and its confusing so plz stik with me

Answer 12

No its fine, I'm in 10th and taking AP and doing dual enrollment, so I'm with you..

Answer 13

It is the end of the year but not the end of the pay period. How will this affect the balance sheet?
A. Assets will be increased.
B. Liabilities will be increased.
C. Owner’s equity will be increased.
D. This has no effect on the period-end balance sheet.

i think its a bc it would b account payable but im not 100% sure

Answer 14

:/ I actually dont know, tbh. I feel bad :I

Answer 15

what do u mean

Answer 16

idk the answer so i feel bad because of that

Answer 17

that's ok if i get it wrong i cant retake the quiz so

Answer 18

ok well.. try the ones you feel are the answers... even if they might be wrong, just try them.

Answer 19

The depreciation of equipment will require an adjustment that results in
A. total assets increasing and total expenses increasing.
B. total assets increasing and total expenses decreasing.
C. total assets and expenses decreasing.
D. total assets decreasing and total expenses increasing.

Answer 20

Try d.

Answer 21

Which of the following would cause total assets to decrease and total expense to increase?
A. Recording the depreciation of equipment
B. Recording the consumption of supplies
C. Recording the expiration of prepaid rent
D. All of the above

Answer 22

Give me a sec, I'm helping someone else, as well. Thanks.

Answer 23

D

Answer 24

An adjustment for Prepaid Rent would indicate the amount
A. originally paid.
B. expired.
C. on hand.
D. of the trial balance.

Answer 25

Um, that one, I dont know.. :I

Answer 26

Assets that aren’t expected to provide benefits for a number of accounting periods are called
A. current assets.
B. fixed assets.
C. long-term assets.
D. property, plant, and equipment.

Answer 27

B

Answer 28

At the start of this year, 18 months’ rent was paid. At the year’s end, how will this affect the balance sheet?
A. Assets will be decreased.
B. Liabilities will be increased.
C. Owner’s equity will be increased.
D. This has no effect on the period-end balance sheet.

Answer 29

Idk, sorry.