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DearProf, How areyou? Hope all is well with you. Im thoroughly enjoying the class all the same Imconcerned about this quiz 2. After I finished amiable the quiz and submitted it,Im not sure what happened,I submitted my answers and either the profit went down or I got logged out ofthe moodle website. Please support if it went through on your end. thanksfor your time. sincerely, Godstime Marks: 3 Liabilities opt unmatchable answer. | a. are future economic benefits | | | b. be existing debt and obligations | | | c. Are things of value used by the employment in its physical process | | | d. All of the preceding(prenominal) | | | e. N wholeness of the above | | Marks: 3 Which of the following IS NOT a satisfactory statement of the business relationship ( repose sheet) equation? Choose bingle answer. | a. Assets = Liabilities - Owners right | | | b. Assets - Liabilities = Owners equity | | | c. Assets = Liabilities + Owners equity | | | d. Assets - Owners equity = Liabilities | | | e. None of the above, because all are satisfactory statements of the balance sheet equation | | Marks: 4 On frame in 31, Calvin Co owed employees $800 in salaries that the confederacy will acquit in April.

What is the adjusting entry that will be required (if any) on sue 31 in the quarterly financial statements? Choose one answer. | debit profit disbursement; credit Accounts payable with $800 | | | debit entry profit payable and Credit Salary expense with $800 | | | debit entry Salary expense and Credit cash with $800 | | | Debit Salary expense and Credit Salary payab! le with $800 | | | None of the above because no adjusting entry is required. | | Marks: 3 When a company receives the expediency and a bill for electricity consumed, but does not pay it right away, the required journal entry is: Choose one answer. | Debit expense; credit accounts receivable | | | Debit postpaid expense; credit accounts payable | | | Debit expense; credit...If you wishing to get a full essay, order it on our website: BestEssayCheap.com

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