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Questions 1 Based on the General Journal entry for April 4, what is the accounting classification of the $5,000 received for service to be performed later?
2 What was the final balance of the Cash account (No. 101) in the unadjusted trial balance on April 30?
3 According to the adjusting entries on April 30, which of the following accounts were debited to recognize expired costs or accrued expenses?
4 Calculate the total balance of 'Equipment' as shown on the April 30 unadjusted trial balance.
5 The adjusting entry to record monthly depreciation involves a debit to Depreciation Expense and a credit to which account?
6 If the adjusting entry for 'Rent Expense' of $1,600 on April 30 was omitted, how would it affect the financial statements?
7 What is the adjusted balance of 'Service Revenue' after including the $2,500 adjusting entry for revenue earned from the unearned account?
8 Based on the ledger for 'Supplies (No. 103)', what was the remaining balance of supplies on hand after the April 30 adjustment?
9 Which account is used to record the owner's personal withdrawal of cash from the business?
10 Identify the accounts that would normally have a 'Debit' balance in a Trial Balance. 