I will Pass
What is the Credit for (i)
Cash $2,000
What is the debit for (b)
Rent Expense $6,000
What are Credits.
A= L + OE
What is the Accounting Equation
What is the credit for (e)
Fees Earned $18,250
What is the balance of Supplies
Debit $1,800
If you find an error, you would post one of these.
What is a correcting entry
Revenue - Expenses
What is Net Income
What is the Credit for (a)
Capital $40,000
What is Net Income?
$3,550
Should be $95.70, recorded as $957.00
What is a transposition.
This Financial Statement has an "As of" date
What is the Balance Sheet?
What is the Debit for (a)
Cash $40,000
What are total expenses
$14,700
In the accounting cycle, this step is before preparing an unadjusted Trial Balance
What is posting?
WIRE
What are Withdrawals, Investments, Revenue, and Expenses
What is the balance of Fees Earned
$18,250
What is the balance of Cash
Debit $41,200
DAILY DOUBLE
What is the acronym for Debits & Credits
AWE CLR
What is the First Financial Statement prepared
Income Statement