Which of the Following Accounts Probably Would Have a Smaller

question 24

Multiple Choice

Which of the following accounts probably would have a smaller balance in the Adjusted Trial Balance columns of a work sheet than in the Trial Balance columns?

• A) Office Supplies
• B) Utilities Payable
• C) Accumulated Depreciation-Equipment
• D) Rent Expense

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Definitions:

Bond Liability

The obligation of the issuer of the bond to repay the principal amount along with interest to the bondholders on specified dates.

Premium

An amount paid in excess of a standard rate or value, often associated with insurance costs or bond prices.

Fiscal Year-end

The end of a 12-month period used by governments and businesses for accounting and financial reporting purposes.

Par Value

The face value of a bond or stock as stated by the issuing company, which bears no correlation to its market value.