Interest earned

Additional data as of March 31, 20XX (ADJUSTING ENTRIES):
a. Interest earned on marketable securities,
but not received $ 120
b. Unpaid salaries 100
c. An unrecorded and unpaid advertising bill
was discovered 85
d. Supplies on hand determined by a physical
count 90
e. Depreciation on equipment not recorded 2,380
f. One-half of the prepaid insurance premiums
expired during the period 360
g. Of the advances received from clients, $800
has been earned 800
1. The total of the Adjustments debit column is
A. $3,470. C. $4,065.
B. $3,575. D. $4,425.
2. The total of the Adjusted Trial Balance credit column is
A. $35,705. C. $38,005.
B. $36,405. D. $39,785.
3. The net income for the year ended March 31, 20XX, is
A. $5,265. C. $7,765.
B. $5,385. D. $7,985.
4. The total of the Balance Sheet debit column is
A. $19,735. C. $25,120.
B. $22,740. D. $30,760.
5. The balance of the Accounts Payable account in the Balance Sheet credit column is
A. $1,125. C. $1,295.
B. $1,210. D. $1,395.
Additional data as of December 31, 20XX (ADJUSTING ENTRIES):
a. Depreciation of $1,050 on the vehicle and $305 on office
equipment hasn’t been recorded for the current year $1,355
b. Salaries due but unpaid at year end 250
c. A physical count of unused office supplies showed a balance of $180 180
d. Interest due on notes payable 30
e. Services billed to clients for December haven’t yet been recorded 740
6. On the Balance Sheet for the Cougar Detective Agency, the balance in the Office
Supplies account will be shown as a
A. debit of $180. C. debit of $340.
B. credit of $180. D. credit of $340.
7. The balance to be shown in the Fee Revenue account on the Income Statement for the
Cougar Detective Agency is a
A. debit of $23,705. C. debit of $24,445.
B. credit of $23,705. D. credit of $24,445.
8. What is the net income for the Cougar Detective Agency for the year ended
December 31, 20XX?
A. $8,815. C. $10,170.
B. $9,155. D. $14,175.
9. The balance to be shown in the Accumulated Depreciation—Vehicle account on the Balance Sheet for the Cougar Detective Agency is a credit of
A. $1,050. C. $2,200.
B. $2,100. D. $2,405.