An indication that the work sheet columns are in balance and the work sheet is completed isGroup of answer choicesthe word "Total" is written at the bottom of each pair of columnseach pair of columns is double underlinedeach pair of columns has the totals circledthe final figures are written in ink

Which of the items below does not appear on the work sheet?Group of answer choicesadjusting entriesthe unadjusted trial balanceclosing entriesthe dividend account

The worksheetGroup of answer choicesis an integral part of the accounting cycleeliminates the need to rewrite the financial statementsis a working paper that is requiredis used to summarize account balances and adjustments for the financial statements

When a work sheet is complete, the adjustment columns should haveGroup of answer choicestotal credits greater than total debits if a net income was earnedtotal debits greater than total credits if a net loss was incurredtotal debits greater than total credits if a net income was earnedtotal debits equal total credits

Which of the accounts below would appear in the Balance Sheet columns of the work sheet?Group of answer choicesService RevenuePrepaid RentSupplies ExpenseNone are correct

Which of the following would you NOT expect to see on a balance sheet?Group of answer choicesLiabilitiesCapitalExpensesCash