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1. The ledger book is the book of final entry. True or False? 2. Compound journal entries must have no more than five credits? True

1. The ledger book is the book of final entry. True or False?

2. Compound journal entries must have no more than five credits? True or False?

3. Billing a company for services on account would result in a debit to prepaid expense. True or False?

4. When you journalize, the PR column must be completed. True or False?

5. Rent paid in advance is prepaid rent which is an asset? True or False?

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