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Question 1 of 402.5 Points
If the balance of supplies at the start of the month was $900 and at the end of the month you had $450 on hand, the adjustment for Supplies would be __________.
A. $450
B. $550
C. $350
D. $900
Question 2 of 402.5 Points
The order of the steps to prepare the worksheet are __________.
A. prepare the trial balance, complete adjustments, prepare the adjusted trial balance, extend the respective totals to the Income Statement and Balance Sheet columns
B. complete the adjustments, prepare the adjusted trial balance, prepare the trial balance, extend the respective totals to the Income Statement and Balance Sheet columns
C. extend the totals to the Income Statement and Balance Sheet columns, prepare the trial balance, complete the adjustments, prepare the adjusted trial balance
D. prepare the adjusted trial balance, complete the adjustments, prepare the trial balance, extend the respective totals to the Income Statement and Balance Sheet columns
Question 3 of 402.5 Points
An adjustment for Prepaid Rent would indicate __________.
A. the amount originally paid
B. the amount expired
C. the amount on hand
D. the amount of the trial balance
Question 4 of 402.5 Points
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