Reference no: EM132910629

Problem 1: Cash had a normal starting balance of $600. There were debit postings of $200 and credit postings of $300 during the month. The ending balance is

A) $500 credit.
B) $1,100 debit.
C) $500 debit.
D) $1,100 credit.

Problem 2: The general ledger

A) is the book of original entry.
B) is the book of final entry.
C) is completed before the general journal.
D) must be on loose leaf paper.

Problem 3: If the Office Supplies account is not adjusted,

A) assets will be overstated and expenses will be understated.
B) assets will be overstated and expenses will be overstated.
C) assets will be understated and expenses will be overstated.
D) assets will be understated and expenses will be understated.