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asap pls 1. What type of entries do you use to correct any mistakes and get your books back in balance at the end of
asap pls
1. What type of entries do you use to correct any mistakes and get your books back in balance at the end of an accounting period? Select the single best answer: A Recurring Entries B. Closing Entries C. Posting Entries D. Correcting Entries E. Manual Entries 2. Which of the following scenarios depicts the correct use of the Petty Cash account? Select all answers that apply: A. The warehouse manager asks for a personal loan until payday B. The office manager pays for a pizza with petty cash as a thank-you to the office staff for working hard. C. The president uses petty cash to fill the company car with gas on his way to work. D. The president pays his personal credit card bill with petty cash. E. The office manager buys office supplies like coffee and sugar for the break room. 3 Which of the following could start the bookkeeping cycle? Select all answers that apply: A. You prepare a business plan for your new business. B. You pay for your business license. C. You come up with a name for your new business. D. You sign a twelve-month lease for a store space. E. You make the first sale of the period Step by Step Solution
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