11) The adjusted trial balance for the supplies account:
A) is equal to the unadjusted trial balance total.
B) is greater than the unadjusted trial balance total.
C) is less than the unadjusted trial balance total.
D) has no relationship to the unadjusted trial balance total.
E) has no relationship to the trial balance total.
12) The adjusted trial balance for the accumulated depreciation account:
A) is equal to the unadjusted trial balance total.
B) is greater than the unadjusted trial balance total.
C) is less than the unadjusted trial balance total.
D) has no relationship to the unadjusted trial balance total.
E) has no relationship to the trial balance total.
13) The adjusted trial balance proves that:
A) all adjusting entries have been recorded correctly.
B) debit totals equal credit totals.
C) no adjusting entry has been entered twice.
D) the balance of the adjusted trial balance is correct.
E) there are no errors.
14) The adjusted trial balance for the land account:
A) must be equal to the unadjusted trial balance total.
B) must be greater than the unadjusted trial balance total.
C) must be less than the unadjusted trial balance total.
D) has no relationship to the unadjusted trial balance total.
E) must never be equal to the unadjusted trial balance total.
15) All financial statements titles must include three title lines. Name the three lines in the order they should appear.
16) The adjusted trial balance is the basis for the preparation of the __________.
17) The income statement that is prepared from the adjusted trial balance begins with the __________.