12. Which entry records sales on account: Sales Accounts Receivable Sales Cash Sales Accounts Receivable Sales Cash 13. A balance sheet gives the financial condition of a business for: A one-month period. 2. A period of time depending on the months elapsed in the current year A one-year period - after the books have been closed. Any given day which is shown in the balance sheet. None of the above. 4. What is a trial balance? Testing an account to determine if it is in balance. A detailed listing of general ledger account balances A detailed listing of accounts receivable balances. Preliminary total of customer charges before billing. A grand total of the docket register. 15. Check the three payroll taxes most frequently paid on New York employees Industrial Insurance Union trust funds FICA State welfare & aid fund Property taxes (real & personal) Federal unemployment State unemployment Business and occupational taxes Workers benefit fund 16. What is the accrual basis of accounting? Recording income when earned and expenses when cash is disbursed. Recording income when cash is received and expenses when incurred. Recording income when earned and expenses when incurred regardless of the period in which the cash is received or disbursed. Recording income as cash is received and expense as cash is dispersed. None of the above. 18. What types of payroll tax returns are typically filed at the end of the fourth quarter? The same returns that are filed during the first second, and third quarters The same returns that are filed during the first second, and third quarters plus W-25, 1099, 940, 943, and Form 944 W-2s, 1099s, and Form 940 only. No returns are necessary at the end of fourth quarter. The same returns that are filed during the first second, and third quarters plus W-25, 1099s, Form 940, and Form 913. 2018 W- h is blue is blue Earnings Summary se side includes gen formation 19. After the bank statement is reconciled, what is done with the reconciliation worksheet? It is thrown out after the account is in balance. It is attached to a copy of the bank statement and filed for future reference. It is placed in the general ledger. It is placed in the cash journal. None of the above. 20. From the following information perform the following: 1. Create a trial balance showing debits and credits. 2. Draft a balance sheet and income statement Cash Wages 10,000 20,000