In preparing adjustments on the work sheet,which of the following accounts most likely would be added to the Account Name column?
A)Telephone Expense
B)Owner's Capital
C)Property Taxes Payable
D)Accumulated Depreciation-Buildings

Question

Quizplus · Accepted Answer

The account name column is used to identify which accounts need adjustment. Of the given options, only Property Taxes Payable is a liability account that may require adjustment at the end of the period. The other accounts are all expense or equity accounts and may require adjustments in other columns.

In Preparing Adjustments on the Work Sheet,which of the Following