ACCOUNTING FUNDAMEN x DAA 02: Mid Term Exam x 5 Microsoft WOWOCNEWMX e 0 File Accounting 201 ch 10 qui: 2 C/Users/Owner/Downloads/WCC%20NEWS 20Midterm pdf YouTube News FREE ICHI Knowled. sritish Columba Ap TAPP Multiple Choice Questions 1) Unearned revenue represents revenue that has A) been eamed and collected B) been earned but not yet collected C) been collected but not yet earned D) not been collected nor earned 2) Sales revenue for Joe's Sporting Goods for the current period amounted to $215,000. Joe's Sporting Goods records GST when merchandises sold. All sales are on account. The GST rate is 5%. The Journal entry would include a debit to A) Accounts Receivable for $215.000 B) Accounts Receivable for $225.750 C) GST Payable for $10.750. D) Sales Revenue for $215,000. 3) Amounts owed to suppliers for products or services purchased on open accounts are called A) notes payable B) uneamed revenues C) accounts payable D) accrued expenses Table 11-1 A $10,000, 90-day, 12 note payable was issued on November 1, 2013 ACCOUNTING FUNDAMEN... 4) Referring to Table 11-L what is the amount of the accrued interest on December 31, 2013 A) S1952 B) 595.14 C) $101.92 D) $197.26 5) Referring to Table 11-1, what the amount of stepense recorded in 2014 A) 1.63 do 836 D BD