If a User Enters "Jan" and "Feb" in Cells E1

question 47

Multiple Choice

If a user enters "jan" and "feb" in cells E1 and E2, respectively, selects those two cells and drags the small black box to three more cells below them, then ________.

• A) the three cells will remain empty
• B) Excel will display an error message
• C) the three cells will display "jan," "feb," and "jan," respectively
• D) the three cells will display "mar," "apr," and "may," respectively

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Definitions:

Opening Adjusting Entries

Opening adjusting entries refer to journal entries made at the beginning of an accounting period to adjust account balances from a previous period.

Capital Stock

Represents the equity or ownership sections of a corporation divided into shares.

Opening Balance Equity

An account used in accounting software to offset discrepancies when establishing opening balances during the initial setup of the financial records.

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for, considered an asset on the balance sheet.