The Unadjusted Trial Balance Columns of a Company's Work Sheet

question 172

Multiple Choice

The Unadjusted Trial Balance columns of a company's work sheet show the balance in the Office Supplies account as $750.The Adjustments columns show that $425 of these supplies was used during the period.The amount shown as Office Supplies in the Balance Sheet columns of the work sheet is:

• A)$325 debit
• B)$325 credit
• C)$425 debit
• D)$750 debit
• E)$750 credit

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Definitions:

Variance

A measure of variability that represents the mean of all squared deviation scores.

Nominal

Scale used to classify or categorize data into groups that have different names but are not related to each other in any other systematic way.

Scale of Measurement

The method or standard used to quantify the variables researchers are interested in, such as nominal, ordinal, interval, and ratio scales.

Interval

Scale used to categorize, rank order, and arrange data so that an equal interval unit appears between each of the scores.