In the transaction, BILLED ANDERSON COMPANY FOR WORK COMPLETED, the source document is a/an:
100
ledger
What is a book of accounts called?
100
Invoice
A form describing the goods or service sold, the quality and price.
100
sales tax
_?__– a tax on a sale of merchandise or services
100
535
A new account to be added between accounts 530 and 540 will be assigned the number ____.
200
Debit Miscellaneous Expense and credit Cash
The transaction, PAID CASH FROM MISCELLANEOUS EXPENSE, $400, would result in which journal entry?
200
net loss
the difference between gross profit and expenses when expense is larger called____
200
check
A bussiness form ordering a bank to pay cash from a bank account.
200
$173.25
Matt has gross earnings of $300.00 and total deductions of $126.75. What is Matt's net pay?
200
941
What is Employee's quarterly federal tax return called
300
Net income of $400
On a worksheet, the Income Statement credit total is $1,200 and the Income Statement debit total is $800. The company has a:
300
Checking account
__?__– a bank account from which payments can be ordered by a depositor
300
vector
a business from which merchandise is purchased or supplies or other assets are bought
300
$82,500.00
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?
400
revenue
Sales is classified as:
400
Insurance Expense and credit Prepaid Insurance $1,200
If the beginning prepaid insurance balance is $2,000, and the ending value of the insurance is $800, the correct adjustment on the work sheet is to debit:
400
Correcting entry
Fixes an incorrect journal entry.
400
$84.67
Greg has gross earning of $245.00, SOcial Security withholding of $15.19, Medicare withholding of $3.55, federal income tax withholding of $50.00, and state income tax withholfing of $15.93. What are Greg's total deductions?
400
Zero balance
Each drawing account must begin a new fiscal period with a ____.
500
Foundation Skills
A local accounting firm wrote in a recommendation for Mary that she possesses a great deal of integrity and has excellent basic skills in literacy and computation. This is classified as which skill?
500
Calculate the component percentages
Samual was asked to prepare a financial statement to determine whether or not the costs of doing business exceeded the revenue during the past year. What is the LAST Samual will do in preparing this statement?
500
general ledger.
a ledger that contains all accounts needed to prepare financial statement.
500
Debit Federal Unemployment Tax Payable $28.00, credit Cash $28.00
WKRP Broadcasting paid federal unemployment taxes of $28. What is the entry to journalize the payment of the unemployment taxes?
500
Debit Accounts Receibable/ Marty Smith $5,125.00; credit Interest Income $125.00; credit Notes Receivable $5,000.00
Marty Smith dishonored a 180-day, 5% note for $5,000.00. What is the journal entry to record the dishonored note receivable?