Only Two Adjustments Appear in the Adjustments Column of a Worksheet

question 13

Multiple Choice

Only two adjustments appear in the adjustments column of a worksheet for Winona Mfg: one to record $8,000 depreciation of factory equipment,and the other to record the use of $1,500 of prepaid insurance.If the Trial Balance column totals are $145,380,what are the totals of the Adjusted Trial Balance columns?

• A)$145,380
• B)$153,380
• C)$152,880
• D)$154,880

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Definitions:

Intuition

An effortless, immediate, automatic feeling or thought, as contrasted with explicit, conscious reasoning.

Gut-Level

A colloquial term describing a reaction or feeling that is instinctual or based on deep-seated intuition rather than rational analysis.

Dishonest Politician

A political figure who engages in deceitful or fraudulent practices.

Intuitions

Intuitions are immediate understandings, knowledge, or beliefs that come without the need for conscious reasoning.