20-25

20. A debit to a liability account was posted to a revenue account. This would cause a. assets to be overstated b. liabilities to be overstated c. capital to be overstated d. revenue to be overstated 21. The posting reference column on the general journal: a. shows which transactions have been posted to the ledger b. displays to which accounts the transactions have been posted c. allows us to cross reference to the general ledger d. All of the above. 22. Which of the following would cause the trial balance to be out of balance? a. a debit to Cash and a debit to Equipment for the same amount b. a credit to Cash and a debit to Supplies for the same amount c. a debit to Accounts Receivable and a credit to Accounting Fees for the same amount d. All of the above. 23. An overpayment was discovered in computing and paying the wages of a Plum Hollow Country Club employee. When the employee returns the amount of the overpayment, Plum Hollow should make which of the following entries? a. Cash, debit; Wages Expense, credit b. Wages Payable, debit; Wages Expense, credit c. Wages Expense, debit; Cash, credit d. Wages Expense, debit; Wages Payable, credit 24. The adjustment to record supplies used during the period would be: a. debit Supplies; credit Supplies Expense b. debit Supplies Expense; credit Cash c. debit Supplies Expense; credit Supplies d. debit Supplies; credit Cash 25. A contra-asset is: a. in reality a liability b. an asset with a debit balance c. an account with an opposite balance of a normal asset d. an account that increases the asset