The Unadjusted Trial Balance Columns of a Work Sheet Total

question 14

Multiple Choice

The Unadjusted Trial Balance columns of a work sheet total $84,000. The Adjustments columns contain entries for the following: 1. Office supplies used during the period, $1,200.
2) Expiration of prepaid rent, $700.
3) Accrued salaries expense, $500.
4) Depreciation expense, $800.
5) Accrued service fees receivable, $400.
The Adjusted Trial Balance columns total is:

• A) $80,400.
• B) $84,000.
• C) $85,700.
• D) $85,900.
• E) $87,600.

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Definitions:

Institutions

Structures or mechanisms of social order governing the behavior of a set of individuals within a given community, including laws, norms, and organizations.

Society

An organized group of individuals living together in a structured community with shared laws, traditions, and values.

Economizing Problem

The need to make choices about how to best use limited resources to satisfy unlimited wants.

Limited Resources

The economic principle that the available resources (such as time, money, and raw materials) are insufficient to satisfy all wants and needs.