To Fill in the Unadjusted Trial Balance Columns in a Worksheet,the

question 117

Multiple Choice

To fill in the unadjusted trial balance columns in a worksheet,the account balances before adjustments are copied directly from the ________.

• A) ledger
• B) adjusted trial balance
• C) chart of accounts
• D) balance sheet of previous year

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Definitions:

Journal Entry

A record in accounting that shows the financial transactions affecting the accounts of a business.

Average Cost

Average Cost is a cost accounting method that calculates the cost of goods sold and ending inventory value by averaging the total cost of goods available for sale over the total units.

Subscription Sales

Income generated from selling access to a product or service over a period of time rather than as a single purchase.

Newsstand Sales

Revenue generated from selling publications, such as newspapers and magazines, directly to consumers through newsstands.