13. After a bsiness transaction has been analyzed and entered in the book of original entry, the next step in the recording process is to transfer the information to a. the company's bank. b. owner's equity c. ledger accounts. d. financial statements. 14. In a perpetual hand throughout the period. inventory system, companies keep detailed inventory records of the goods on 15. The three (3) main factors that contribute to fraudulent activities are Opportunity, Rationalization, Dishonesty b. a. Financial Pressure, Opportunity, Pyramid c. Dishonesty, Pyramid, Financial Pressure d. Rationalization, Opportunity, Financial Pressure 16. Blake Company has a credit balance of $50 in Allowance for Doubtful Accounts. It is What is the adjusted estimated that 1% of credit sales for S250.000 will be uncollectable, Allowance for Doubtful Account balance by using the percentage-of-sales method a. $2,450 b. $2,500 c. $2,650 d. $2,550 17. If the sum of the debit column equals the sum of the credit column in a trial balance, it indicates a. no errors have been made. b. no errors can be discovered. c. that all accounts reflect correct balances. d. the mathematical equality of the accounting equation. 18. The usual ordering of accounts in the general ledger is assets, liabilities, owner's capital, drawings, revenues, and expenses. a. b. assets, liabilities, drawings, owner's capital, expenses, and revenues. liabilities, assets, owner's capital, revenues, expenses, and drawings. c. d. owner's capital, assets, liabilities, drawings, expenses, and revenues. 19. During 2016, its first year of operations, Aida began his brakery with equity of $45,000. During the year the Bakery had revenue of $105,000 and expenses of $85,000. Aida had drawings of $40,000. What is the amount of owner's equity at December 31, 2016? a. $40,000 debit b. $45,000 credit c? $25,000 credit d. $22,000 debit UNTING 101 SPRING 2018