Which of the Following Accounts Will Have an Amount in the Adjustments

question 122

Multiple Choice

Which of the following accounts will have an amount in the Adjustments columns of the work sheet but probably not in the Trial Balance columns?

• A)Owner's Capital
• B)Revenue from Services
• C)Depreciation Expense-Machinery
• D)Utilities Expense

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Definitions:

Credit Terms

The conditions under which credit will be extended to a customer, including repayment schedule, interest rate, and the period of time that is allowed before payment is due.