Which of the Following Adjusted Balances Would Appear in the Balance

question 57

Multiple Choice

Which of the following adjusted balances would appear in the balance sheet credit column of a worksheet?

• A)Equipment
• B)Salary payable
• C)Insurance expense
• D)Rent revenue

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Definitions:

Bribing

Bribing is the act of giving or receiving something of value in exchange for some kind of influence or action in return, that the recipient would otherwise not offer.

Political Candidates

Individuals who are running for political office, seeking to be elected to represent the public in governmental bodies.

Balance of Payments

is a record of all financial transactions made between consumers, businesses, and the government in one country with those in other countries over a specific period.