Questions and Answers of Integrated Accounting

Briefly describe the closing entries automatically generated by the computer.
Describe the procedure to correct an error discovered after closing.
What information is automatically provided by the computer to aid in the bank reconciliation process?
What financial statements are available for a non departmentalized business organized as a sole proprietorship?
If the balance in the Supplies account after all transactions for the fiscal period have been processed and before adjusting entries is $1,585.00 and the current supplies inventory is $1,250.00, what
Complete the following Journal Report Selection window to display all general journal entries from September 1 through September 10 of the current year with a reference of 5435. General Journal - C
Complete the date range section of the following Journal Report Selection window to display all general journal entries from July 1 through July 31 of the current year. -General Journal - C Include
Explain how the Chart of Accounts button can be used while entering general journal transactions.
If the statement is true, write a T in the space provided. If the statement is false, write F in the space provided.Instead of entering an account number in the general journal, you may select the
Describe the process for deleting a general journal entry.
If the statement is true, write a T in the space provided. If the statement is false, write F in the space provided.A new general ledger account can be added (or changed) while entering a journal
Describe the process for correcting a general journal entry.
If the statement is true, write a T in the space provided. If the statement is false, write F in the space provided.The Chart of Accounts button on the General Journal window generates a Chart of
What kind of transaction(s) may be entered in the general journal?
Describe the process for changing the title of an existing account in the chart of accounts.
If the statement is true, write a T in the space provided. If the statement is false, write F in the space provided.Only transactions that do not involve cash may be recorded in the General Journal
Write the answers to the following questions in the space provided.1. What is the amount of check number 3838 shown on the general journal report?2. What are the totals of the debit and credit
General Journal TransactionsDec. 01 Paid cash for month€™s rent, $1,200.00; Check No. 3829.01 Paid cash for monthly telephone bill, $237.73; Check No. 3830.02 Paid cash for delivery
Describe the process for adding an account to the chart of accounts.
If the statement is true, write a T in the space provided. If the statement is false, write F in the space provided.An entry to add a new account is entered in the General Journal window.
Directions: For each of the definitions, write the letter of the appropriate term in the space provided.a. Accounting cycleb. Fiscal periodc. Maintaining accountsd. Journale. Postingf. General
Write the answers to the following questions in the space provided.1. What is the amount of check number 3839 shown on the general journal report?2. What are the total of the debit and credit columns
From the Explore Accounting System, note the transaction activity for Accounts Payable.
What account number is assigned to Utilities Expense?
What is the purpose of the Check toolbar button?
What is the total amount of assets shown on the accounting equation report?
Identify the five planning tools provided in Integrated Accounting 8e.
From the College Planner, what is the calculated annual college payments?
If the statement is true, write a T in the space provided. If the statement is false, write F in the space provided.The Find menu item in the Edit menu could be used to find a transaction that
Describe the process for deleting an account that has a zero balance from the chart of accounts.
If the statement is true, write a T in the space provided. If the statement is false, write F in the space provided.General ledger accounts cannot be deleted unless the account balance is zero.
General Journal TransactionsDec. 01 Paid cash for month€™s rent, $1,200.00; Check No. 3829.01 Paid cash for monthly telephone bill, $237.73; Check No. 3830.02 Paid cash for delivery
What is the result of using the calculator to find the quotient of $56,400 divided by 12?
What is the purpose of the Explore Accounting System?
From the Help system, note the procedure used to copy accounting data to the clipboard for pasting into word processor or spreadsheet applications.
What is a double-entry accounting system?
From the Explore Accounting System, note the transaction activity for the Supplies account.
What is an account classification?
What account number is assigned to Fees?
What is the total amount of assets shown on the accounting equation report?
What is an MIS?
From the college planner, what is the calculated annual college payments?
What is a business?
The following problem provides practice of the applications described in this chapter.Step 1: Remove the Audit Test Questions 1-B at the end of this problem and fill in the answers as you work
Directions: For each of the definitions, write the letter of the appropriate term in the space provided.a. Help systemb. Option buttonsc. Check boxesd. Command buttonse. Windowf. Drop-down menug.

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