Assume the following errors made by the Sri Lanka Company on 12/31/24: - Collected \$4...
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Assume the following errors made by the Sri Lanka Company on 12/31/24: - Collected \$4 in advance for services to be performed next month; debited Depreciation Expense and credited Sales Revenue - Borrowed \$13 on a noncurrent Note Payable and debited Sales Discount and credited Interest Expense - Recorded the \$11 payment of a dividend previously declared by debiting Bad Debt Expense and crediting Allowance for Doubtful Accounts. 12/31/24 Working Capital is in error by: Select one: a. \$6 b. $11 c. $13 d. $28 e. $24 Which of these accounts would be shown in the Stockholders' Equity section of the balance sheet? Select one: a. Dividends Payable, but not Accumulated Depreciation b. Accumulated Depreciation, but not Dividends Payable c. Both Dividends Payable and Accumulated Depreciation d. Neither Dividends Payable nor Accumulated Depreciation
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Assume the following errors made by the Sri Lanka Company on 12/31/24: - Collected \$4 in advance for services to be performed next month; debited Depreciation Expense and credited Sales Revenue - Borrowed \$13 on a noncurrent Note Payable and debited Sales Discount and credited Interest Expense - Recorded the \$11 payment of a dividend previously declared by debiting Bad Debt Expense and crediting Allowance for Doubtful Accounts. 12/31/24 Working Capital is in error by: Select one: a. \$6 b. $11 c. $13 d. $28 e. $24 Which of these accounts would be shown in the Stockholders' Equity section of the balance sheet? Select one: a. Dividends Payable, but not Accumulated Depreciation b. Accumulated Depreciation, but not Dividends Payable c. Both Dividends Payable and Accumulated Depreciation d. Neither Dividends Payable nor Accumulated Depreciation 