Questions: Multiple Select Question Select all that apply Identify which of the following column headings appear in a worksheet: (Check all that apply.) statement of owner's equity adjustments adjusted trial balance balance sheet Need help? Review these concept resources. Read About the Concept

Multiple Select Question

Select all that apply
Identify which of the following column headings appear in a worksheet: (Check all that apply.)
statement of owner's equity
adjustments
adjusted trial balance
balance sheet

Need help? Review these concept resources.

Read About the Concept
Transcript text: Multiple Select Question Select all that apply Identify which of the following column headings appear in a worksheet: (Check all that apply.) statement of owner's equity adjustments adjusted trial balance balance sheet Need help? Review these concept resources. Read About the Concept
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Solution

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The answer is:

  • adjustments
  • adjusted trial balance
  • balance sheet

Explanation:

  1. statement of owner's equity: This is not typically a column heading in a worksheet. It is a financial statement that summarizes the changes in owner's equity for a specific period.

  2. adjustments: This is a common column heading in a worksheet. It is used to record adjustments to account balances before preparing financial statements.

  3. adjusted trial balance: This is also a common column heading in a worksheet. It lists all account balances after adjustments have been made, ensuring that debits equal credits.

  4. balance sheet: This is a common column heading in a worksheet. It is used to prepare the balance sheet, which shows the financial position of a company at a specific point in time.

In summary, the correct column headings that appear in a worksheet are "adjustments," "adjusted trial balance," and "balance sheet."

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