14. When two accounts are required i in one journal entry, the entry is referred to as a. balanced entry. b. simple entry. c. posting d. nominal entry 15. On August 13, 2016, Accounting Services Co. purchased office equipment for $1,700 and office supplies of $300 on account. Which of the following jounal entries is recorded correctly and in the standard format? a. Equipment 1,700 Account Payable 2,000 Supplies b. Equipment 1,700 300 Supplies Accounts Payable 2,000 c. Accounts Payable 2,000 1.700 300 Equipment Supplies.. d. Equipment 1,700 300 2,000 Accounts Payabl 16. Customarily, a trial balance is prepared a. at the end of each day b. after each journal entry is posted. c. at the end of an accounting period. d. only at the inception of the business 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 erors 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 a. assets, liabilities, owner's capital, drawings, revenues, and expenses. b. assets, liabilities, drawings, owner's capital, expenses, and revenues. c. liabilities, assets, owner's capital, revenues, expenses, and drawings. d. owner's capital, assets, liabilities, drawings, expenses, and revenues. PAGE |3 ACCOUNTING 101 SPRING 2018