Question
7.The debits and credits for each journal entry are posted to the accounts a. in the order in which they occur in the chart of
7.The debits and credits for each journal entry are posted to the accounts
a. in the order in which they occur in the chart of accounts.
b. in the order in which they occur in the journal.
c. in no special order.
d. in alphabetical order.
8. The T account for Unearned Rent appeared as follows after posting from the journal:
Unearned Rent 23 Dec. 1 1,800
Which of the following is a correct statement about the journal entry that was posted?
a. The entry explanation likely read "Paid rent in advance."
b. The debit portion of the entry was likely to Accounts Receivable.
c. A "23" was entered in the Post. Ref. column of the journal.
d. All of these choices are correct.
9.The journal entry to record fees earned on account would be posted to which of the following accounts in the ledger?
a. Cash and Accounts Receivable
b. Cash and Accounts Payable
c. Accounts Receivable and Fees Earned
d. Accounts Payable and Fees Earned
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