| A | B |
|---|
| Merchandise Inventory's ending inventory for the previous period is found on which section of the work sheet? | Trial Balance |
| Prepared to prove the debits and credits are equal in the general ledger. | Trial Balance |
| The place on a work sheet where account balances are brought up-to-date. | Adjustments |
| If the amount provides the amount that was consumed during the period that amount is recorded in which section of the worksheet? | Adjustments |
| The income summary account is extended over to the __ section of the work sheet? | Income Statement |
| All temporary account are listed | Income Statement |
| Where net income or net loss is calculated. | Income Statement |
| The section of the work sheet where the matching principle is used for key decision to be made regarding the company. | Income Statement |
| Only permanent accounts listed | Balance Sheet |
| The section of the work sheet where only the accounting equation amounts are listed. | Balance Sheet |
| The section that is used to record and post all the adjustments made during the period | Adjustments |
| Which section would you review when making a financial decision to invest in the company? | None of the sections of the work sheet |
| Which section(s) would you review to determine return on sales? | None of the sections of the work sheet |
| Which section would you refer to if you were determining the company's liquidity ratios? | None of the sections of the work sheet |
| When physical inventory has been taken, this amount would be place in which section of the work sheet? | Adjusted Trial Balance |
| The amount of Federal Income Tax owed for the month | Adjusted Trial Balance |
| The amount of Federal Income Tax owed? | Adjustments |
| Supplies on hand amount would be placed in which section of the work sheet. | Adjusted Trial Balance |
| Prepaid Insurance, August 31, 2012.... $1,480.00, the amount of $1,480.00 should be recorded in which section of the work sheet? | Adjusted Trial Balance |
| The amount of Merchanidse Inventory to begin the new period is found in which section of the work sheet? | Adjusted Trial Balance |
