1.00
2.01
3.01
4.01
5.01
100
In the transaction, BILLED ANDERSON COMPANY FOR WORK COMPLETED, the source document is a/an:
What is invoice
100
What is the correct journal entry for the transaction,PAID CASH FOR RENT,$1,000?
What is Debit Rent Expense and credit Cash
100
Michael's Hardware purchased merchandise on account from Hardware Supply for $690.What is the journal entry for Michael's Hardware to record this transaction?
What is Debit Purchases,$690; Credit Accounts Payable/Hardware Supply,$690.
100
On December 23, Wake Incorporated received notice from the bank of a dishonored check from Davie Company in the amount of $125.00. The bank charged a service fee of $25.00. What is the correct journal entry for Wake Incorporated to record the dishonored check?
What is Debit Accounts Receivable-Davie Company $150.00,Credit Cash $150.00
100
The Style Company signed a one-year, 10% interest-bearing note for $10,000.00 with First American Bank. What is the journal entry for the issuance of the note payable?
What is Debit Cash $10,000.00; Credit Notes Payable $10,000.00
200
In the transaction, RECEIVED CASH FROM OWNER AS AN INVESTMENT, the source document is a/an:
What is receipt
200
What is the correct journal entry for the transaction,BOUGHT SUPPLIES ON ACCOUNT FROM STEINMAN COMPANY,$75?
What is Debit Supplies and credit Accounts payable/Steinman Company
200
Bill's Grocery purchased merchandise on account from Veggie Wholesale for $249.What is the journal entry for Bill's Grocery to record this transaction?
What is Debit Purchases,$249;Credit Accounts Payable/Veggie Wholesale,$249.
200
On April 16, Caldwell Company received notice from the bank of a dishonored check from Hickory Hosiery in the amount of $55.00. The bank charged a service fee of $25.00. What is the correct journal entry for Caldwell Company to record the dishonored check?
What is Debit Accounts Receivable-Hickory Hosiery $80.00; credit Cash $80.00
200
Sports Warehouse received a payment in the amount of $697.50 for a note receivable. Interest on the note receivable was $47.50. What is the journal entry to record the payment of the note receivable?
What is Debit Cash $697.50; Credit Interest Income $47.50; Credit Notes Receivable $650.00
300
The transaction, SOLD SERVICES ON ACCOUNT TO BETH PARKER, would result in which journal entry
What is Debit Accounts Receivable /Beth Parker and credit Sales.
300
Bill James discovered that a transaction for Utilities Expense was journalized and posted in error as a debit to Repair Expense,$250.What is the entry to correct the errror?
What is Debit Utilities Expense,$250;credit Repairs Expense,$250
300
The Good Morning Shop purchased merchandise on account from The Donuts Plant for $300.What is the journal entry for The Good Morning Shop to record this transaction?
What is Debit Purchases,$300;Credit Accounts Payable/The Donuts Plant,$300.
300
On February 14, Watagua Enterprises received notice from the bank of a dishonored check from Wilkes company in the amount of $200.00. The bank charged a service fee of $25.00 What is the correct journal entry for Watauga Enterprises to record the dishonored check?
What is Debit Accounts Receivable-wikes Company $225.00; credit Cash $225.00
300
Master Marketing received a payment of a note receivable in the amount of $1,295.00. Interest on the note receivable was $95.00. What is the journal entry to record the payment of the note receivable?
What is Debit Cash $1,295.00; Credit Interest Income $95.00; Credit Notes Receivable $1,200.00
400
The transaction, PAID CASH FOR RENT, would result in which journal entry
What is Debit Rent Expense and credit Cash
400
What is the correct entry for the transaction, PAID CASH FOR NEWSPAPER ADVERTISEMENT, $200?
What is Debit advertising Expense and credit Cash
400
Jacob Doe Tractor purchased store supplies on account from Tractor Supply for $942.What is the journal entry for Jacob Doe Tractor to record this transaction?
What is Debit Supplies,$942;Credit Accounts Payable/Tractor Supply,$942.
400
Assuming that the bank statement balance is correct,what is the correct Cash account balance on March 31?
What is $2,345.00
400
High Country Apparel signed a $75,000, two-year, interest-bearing, 5% note on October 1, 2009. What is the maturity value of the note?
What is $82,500.00
500
Jason demonstrates accuracy and truthfulness when he works with his accounting clients. This is an example of which key principle for ethics in accounting?
What is Integrity
500
What is the correct journal entry for the transaction, RECEIVED CASH FROM SALES, $150?
What is Debit Cash and credit Sales
500
Marvin's Motorcycles paid $125 cash for supplies from Stewart's Supplies.What is the journal entry for Marvin's Motorcycles to record this transactions?
What is Debit Supplies ,$125;credit Cash,$125.
500
Assuming that the bank statement balance is correct,what is the correct Cash account balance on October 31?
What is $4,525.00
500
Carson's Candy Shoppe signed a 60-day, 10% note on Jello Beans for an extension of time on its account payable in the amount of $2,000.00. What is the correct entry for Carson's Candy Shoppe to record the note payable for an extension on time?
What is Debit Accounts Payable/ Jello Beans $2,000.00; credit Notes Payable $2,000.00
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