11The accountant for Duman Legal Services, Inc. failed to make an adjusting entry for supplies that had been used for the year. Which of the following is TRUE?
A) Total revenue is overstated.
B) Total revenue is understated.
C) Total expenses are overstated.
D) Total expenses are understated.
12Pattie’s Event Planning Service collects her fees from her customers in advance. At January 1, 2010, the balance of her Unearned revenue account was a credit of $4,000. During January and February, she collected $2,000 and $1,000 respectively. During the two month period, she rendered services of $5,500. At the end of February, her adjusted trial balance will show what balance in Unearned revenues?
A)Debit balance of $3,000
B)Credit balance of $3,000
C)Debit balance of $2,300
D)Credit balance of $1,500
13Pattie’s Event Planning Service has just prepared the unadjusted trial balance, which shows the following balances:
A)credit balance of $1,600.
B)credit balance of $3,600.
C)debit balance of $3,600.
D)credit balance of $400.
14Pattie’s Event Planning Service has just prepared the unadjusted trial balance, which shows the following balances:
A)debit balance of $300.
B)credit balance of $3,900.
C)debit balance of $3,300.
D)credit balance of $3,300.
15Pattie’s Event Planning Service has just prepared the unadjusted trial balance, which shows the following balances:
A)Debit balance of $36
B)Credit balance of $36
C)Debit balance of $72
D)Debit balance of $6