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Which of the accounts would probably need to be adjusted

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Problem 1: Which of the following accounts would probably need to be adjusted at year-end?

a. Land

b. Notes Payable

C. Supplies

d. Withdrawals

Problem 2: Which of the following is an example of an accrual?

a. Bookkeeping fees collected but not yet earned.

b. Equipment purchased for use in the business.

C.Interest earned but not yet received.

d. Six months' rent paid in advance.

Problem 3: Which of the following accounts would likely not need to be adjusted at year-end ?

a. Land

b. Office Supplies

C. Prepaid Advertising

d. Unearned Revenues

Reference no: EM132789584

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