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)Owner's Capital
B)Revenue from Services
C)Depreciation Expense-Machinery
D)Utilities Expense

Question

Quizplus · Accepted Answer

Depreciation Expense-Machinery is an example of a non-cash expense and will have an amount in the Adjustments column of the work sheet to record the expense for the accounting period, but it may not be reflected in the Trial Balance columns if the adjusting entry has not been made. Owner's Capital, Revenue from Services, and Utilities Expense are all accounts that would have amounts in both the Adjustments and Trial Balance columns.

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