b X what is stockholders equ IM Inbox (1,662)-galomikeyc group portrait of ckboard Learn >< pard.com/webapps/ubsh-lti-integration-BBLEARN//app/content/launchHandler?course id- 132178 1&content id mpus Powered by eCampus ePortfolios Community Content Collection gnments > HW Assignment 3 E Menu Determine whether the following statements are true or false, then mark the appropriate multiple choice answer 6 Prepaid Insurance and Unearned Revenue are accounts that generally need to be adjusted at the end of the accounting period. Fini Some accounts do not need to be adjusted at the end of the period. Every adjusting entry will affect both the Income Statement and the Balance Sheet. On August 1, a company paid $12,000 for 6 months of rent, to cover the should include Prepaid Insurance of $2,000 Select one: period August 1 -January 31. The company's December 31st balance sheet a. true, false, true, false O b. false, true, true, false O c. true, false, true, true o d. true, true, true, true F6 F8 F9 F10 F11 F12

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> HW Assignment 3
E Menu
Determine whether the following statements are true or false, then mark the
appropriate multiple choice answer
6
Prepaid Insurance and Unearned Revenue are accounts that generally
need to be adjusted at the end of the accounting period.
Fini
Some accounts do not need to be adjusted at the end of the period.
Every adjusting entry will affect both the Income Statement and the
Balance Sheet.
On August 1, a company paid $12,000 for 6 months of rent, to cover the
should include Prepaid Insurance of $2,000
Select one:
period August 1 -January 31. The company's December 31st balance sheet
a. true, false, true, false
O b. false, true, true, false
O c. true, false, true, true
o d. true, true, true, true
F6
F8
F9
F10
F11
F12
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b X what is stockholders equ IM Inbox (1,662)-galomikeyc group portrait of ckboard Learn >< pard.com/webapps/ubsh-lti-integration-BBLEARN//app/content/launchHandler?course id- 132178 1&content id mpus Powered by eCampus ePortfolios Community Content Collection gnments > HW Assignment 3 E Menu Determine whether the following statements are true or false, then mark the appropriate multiple choice answer 6 Prepaid Insurance and Unearned Revenue are accounts that generally need to be adjusted at the end of the accounting period. Fini Some accounts do not need to be adjusted at the end of the period. Every adjusting entry will affect both the Income Statement and the Balance Sheet. On August 1, a company paid $12,000 for 6 months of rent, to cover the should include Prepaid Insurance of $2,000 Select one: period August 1 -January 31. The company's December 31st balance sheet a. true, false, true, false O b. false, true, true, false O c. true, false, true, true o d. true, true, true, true F6 F8 F9 F10 F11 F12