第三章单元测试
- Under the cash basis of accounting, no adjustments are made for prepaid, unearned, and accrued items. （ ）
- Which of the following statements is incorrect? （ ）
- A company made no adjusting entry for accrued and unpaid employee wages of $28,000 on December 31. This oversight would: （ ）
- Incurred but unpaid expenses that are recorded during the adjusting process with a debit to an expense and a credit to a liability are: （ ）
- The correct adjusting entry for accrued and unpaid employee salaries of $9,000 on December 31 is: （ ）
A:对 B:错
答案:对
A:Adjusting entries can be used to record both accrued expenses and accrued revenues. B:Adjustments to prepaid expenses and unearned revenues involve previously recorded assets and liabilities. C:Adjusting entries affect only balance sheet accounts. D:Prepaid expenses, depreciation, and unearned revenues often require adjusting entries to record the effects of the passage of time.
A:Have no effect on net income. B:Overstate net income by $28,000. C:Overstate assets by $28,000. D:Understate net income by $28,000.
A:Accrued expenses. B:Intangible expenses. C:Net expenses. D:Prepaid expenses.
A:debit Salary Expense, $9,000; credit Prepaid Salary, $9,000 B:debit Salary Expense, $9,000; credit Cash, $9,000 C:debit Salary Expense, $9,000; credit Fees Earned, $9,000 D:debit Salary Expense, $9,000; credit Salaries Payable, $9,000
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