Question

The rest Expens in the wo r sted bwance columns 35,000 ferest Expense in the income rement columns $7.000. Which of the following entries would have caused this OA 7000 credit to b e in the worksho's column O a $1.000 debitorest Expens in the wo r's attentis column OG 1.000 tot bine c olumn OD 1.000 ord to rest Expense in the wor 's adjustments column

Answer 1

B. $1000 debit to interest expense in the worksheet's adjustment column.

The unadjusted trial balance is the starting point for analyzing the ledger accounts and making adjustment entries accordingly.

Figures are taken from this adjusted trial balance to prepare Income Statement.