Which of the following accounts will have an amount in the Adjustments columns of the work sheet but probably not in the Trial Balance columns?
A) Accounts Receivable
B) Accumulated Depreciation-Equipment
C) Depreciation Expense-Equipment
D) Revenue from Services

Question

Quizplus · Accepted Answer

The Adjustments columns of the work sheet are used to record adjusting entries at the end of the period to update accounts that have not been properly recorded in the Trial Balance. One of the most common adjusting entries is for depreciation, which is recorded as an expense on the income statement but does not appear in the Trial Balance because it is not a cash transaction. Therefore, Depreciation Expense-Equipment will have an amount in the Adjustments columns of the work sheet but probably not in the Trial Balance columns.

Which of the Following Accounts Will Have an Amount in the Adjustments