Use the Following Adjusted Trial Balance to Answer the Question

question 24

Multiple Choice

Use the following adjusted trial balance to answer the question below. Which account bypasses the Income Summary account in the closing process?

• A)John Clair,Withdrawals
• B)Jet Ski Rentals
• C)Depreciation Expense-Building
• D)Wages Expense

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Definitions:

Graph

A visual representation of data or mathematical functions typically consisting of points on a coordinate plane.

Standard Form

A way of writing numbers, particularly very large or very small numbers, using powers of ten; also refers to a canonical form of equations in mathematics.

Vertex

A point where two or more curves, edges, or lines meet, often used to describe the corner point of a polygon or the peak or trough of a parabola.

Parabola

A symmetric curve formed by the intersection of a cone with a plane parallel to a straight line, generatrix, of the cone.