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A balance sheet prepared in the account form lists the assets at the top and the liabilities and owner's equity below. true or false?
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Asked 3/25/2016 11:31:44 AM
Updated 9/17/2022 10:30:50 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Edited by matahari [9/17/2022 10:30:48 AM]
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User: A balance sheet prepared in the account form lists the assets at the top and the liabilities and owner's equity below. true or false?

Weegy: A balance sheet prepared in the account form lists the assets at the top and the liabilities and owner's equity below. FALSE.


User: The steps of the accounting cycle are followed throughout the accounting period. True or False?

Question
Asked 3/25/2016 11:31:44 AM
Updated 9/17/2022 10:30:50 AM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Edited by matahari [9/17/2022 10:30:48 AM]
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The steps of the accounting cycle are followed throughout the accounting period. - TRUE

Added 9/8/2022 12:00:53 AM
This answer has been confirmed as correct and helpful.
Confirmed by matahari [9/17/2022 10:22:28 AM]
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Questions asked by the same visitor
A contra account's normal balance (debit or credit) is the opposite of the normal balance of the related account. Ture or False?
Question
Updated 5/18/2019 10:26:25 PM
1 Answer/Comment
A contra account's normal balance (debit or credit) is the opposite of the normal balance of the related account. TRUE.
Added 5/18/2019 10:26:25 PM
This answer has been confirmed as correct and helpful.
On January 1, Smith had $2000 of supplies on hand. During January, Smith purchased $4,000 worth of new supplies. At the end of the month, a count revealed $1,000 worth of supplies remaining on the shelves. The adjustment entry needed will include a debit to Supplies Expense of $5,000. The supplies were initially recorded as an asset. True or False?
Question
Not Answered
Updated 11/4/2022 12:33:31 AM
1 Answer/Comment
On January 1, Smith had $2000 of supplies on hand. During January, Smith purchased $4,000 worth of new supplies. At the end of the month, a count revealed $1,000 worth of supplies remaining on the shelves. The adjustment entry needed will include a debit to Supplies Expense of $5,000. The supplies were initially recorded as an asset. TRUE
Added 11/4/2022 12:33:31 AM
This answer has been confirmed as correct and helpful.
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