How to journalize transactions into

AutoSave OFF w- ACC2207 Final Exam - Online - Covid Version - Questions - Saved to my Mac Q Home Insert Draw Design Layout References Mailings Review View ? Tell me Share Comments Times New... v 12 A" A Aa Ap EV EVEVEE AaBb AaBb AaBbCcDdE AaBbCcDdE AaBbCcDdl AaBb( AaBbCcDdE AaBbCcDdEe Paste BIUvab X X A DAY Heading 1 Heading 2 Normal No Spacing Heading 3 Title Subtitle Subtle Emph Styles Pane Page 4 of 10 204 Accounts Payable Expenses 500 Maintenance Expense Owner's Equity 505 Cost of Goods Sold M. James, 300 Withdrawals 520 Rent Expense 301 M James, Capital Required: Part A - Journalize the transactions for the month of November in the correct journal. (Explanations are not required on any entry in the general journal). Part B - Total Each Column of Each Journal as required Part C - Provide Posting references as if each entry and total had been posted. The Chart of Accounts will assist with this part. Please place your answer in the related worksheets labelled Q1 in the excel file provided. Question 2: 27 marks - 40 minutes Multiple Choice: Place your answer in the related worksheet Q2 in the excel file provided. 1. The type of business organization that can continue indefinitely is known as a: a. sole proprietorship b. partnership c. corporation. d. None of the above 2. Accounts Payable had a normal starting balance of $600. There were debit postings of $350 and credit postings of $200 during the month. The ending balance is a. $750 credit b. $750 debit. c. $450 debit. $450 credit 3. Which of the following is NOT part of the Purchasing function? a. Reconciling the bank account b. Preparing a Purchase Requisition . Recording a payment made to a creditor d. Verifying the accuracy of a creditor's invoice Page 4 of 10 1923 words X English (United States) Focus E + 100%Page 4 of 10 204 Accounts Payable Expenses 500 Maintenance Expense Owner's Equity 505 Cost of Goods Sold M. James, 300 Withdrawals 520 Rent Expense 301 M James, Capital Required: Part A - Journalize the transactions for the month of November in the correct journal. (Explanations are not required on any entry in the general journal). Part B - Total Each Column of Each Journal as required. Part C - Provide Posting references as if each entry and total had been posted. The Chart of Accounts will assist with this part. Please place your answer in the related worksheets labelled Q1 in the excel file provided