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ecation for office equ [AJ debit to Accumulated Depreciatio B] credit to Accumulated Depreciation [C] credit to Offie Equipment for s [D] credit to Depreciation E Office Equipment for $200, for $200. Gredi to Cat would include of $100 for Devember bad not been recorded or paid, [C] credit to Accumulated Rent for $100. D to Depreciation Expense, Office Eg Equipment for $200 7. If as of December 31, 20xx, the rent the adjusting entry would include a [A] credit to Cash for $100 B] debit to Rent Payable for $100 [D] debit to Rent Expense for $100. try to record this 8. If services to would i Revenue for $125. (BI credit to Service Revenue for $125. [C] credit to Unearned Service Revenue for $125. D] credit to Service Revenue for $625 Accumulated depreciation is classified as a(n) [A] expense account. [C] contra-asset account 9. [B] liability [D] contra-expense account. An adjusted trial balance is prepared to [A] facilitate preparation of the adjusting entries. (B] test that the ledger is stll in balance after the accounts have been adjusted. (C] facilitate preparation of the financial statements. 10. hoth test that the ledger is stll in balance after the accounts have been adjusted and facilitate preparation of the financial statements been posted, which of the following accounts is most likely to After all closing entries have have a nonzero balance? [A] Interest Expense TC] Income Summary 11. which B] Wages Payable D] Service Revenue

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