Post Utme Bowen University 2017 Accounting Question 34

Practice objective / multiple choice question 34 from the 2017 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2017 Accounting Objective / Multiple Choice
Question 34 POST_UTME_BOWEN_UNIVERSITY • 2017 • ACCOUNTING • objective

A company has the following trial balance: Accounts Payable 10,000, Accounts Receivable 5,000, Common Stock 20,000, Dividends 2,000, Equipment 15,000, Interest Expense 1,000, Net Income 8,000, Retained Earnings 12,000, Salaries Expense 3,000, Sales Revenue 25,000, Utilities Expense 2,000. Prepare the adjusted trial balance.

Answer Options

Correct Answer A. Accounts Payable 10,000, Accounts Receivable 5,000, Common Stock 20,000, Dividends 2,000, Equipment 15,000, Interest Expense 1,000, Net Income 8,000, Retained Earnings 12,000, Salaries Expense 3,000, Sales Revenue 25,000, Utilities Expense 2,000
B. Accounts Payable 10,000, Accounts Receivable 5,000, Common Stock 20,000, Dividends 2,000, Equipment 15,000, Interest Expense 1,000, Net Income 8,000, Retained Earnings 12,000, Salaries Expense 3,000, Sales Revenue 25,000, Utilities Expense 2,000
C. Accounts Payable 10,000, Accounts Receivable 5,000, Common Stock 20,000, Dividends 2,000, Equipment 15,000, Interest Expense 1,000, Net Income 8,000, Retained Earnings 12,000, Salaries Expense 3,000, Sales Revenue 25,000, Utilities Expense 2,000
D. Accounts Payable 10,000, Accounts Receivable 5,000, Common Stock 20,000, Dividends 2,000, Equipment 15,000, Interest Expense 1,000, Net Income 8,000, Retained Earnings 12,000, Salaries Expense 3,000, Sales Revenue 25,000, Utilities Expense 2,000
Correct Answer
A
Correct Option:
Accounts Payable 10,000, Accounts Receivable 5,000, Common Stock 20,000, Dividends 2,000, Equipment 15,000, Interest Expense 1,000, Net Income 8,000, Retained Earnings 12,000, Salaries Expense 3,000, Sales Revenue 25,000, Utilities Expense 2,000

About This Question

This is Post Utme Bowen University 2017 Accounting Question 34. It is one of the objective questions from the 2017 Post Utme Bowen University Accounting examination.

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