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Jetermine the missing amounts: a . $ 3 7 , 0 0 0 b . $ 5 3 , 0 0 0 c . $

Jetermine the missing amounts:
a. $37,000
b. $53,000
c. $27,000
d. $48,000
e. $43,000
Capital, June 1,$36,000
a. $3,000
Withdrawals for June $3,000
b. $9,000
Capital, June 30,$39,000
c. $0
Net Income for June
$ ?
d. $6,000
e. $39,000
For the following items, answer a. debit side
b. credit side or c. neither
Think in terms of T-account format.
increase side of a liability.
decrease side of an asset
increase side of drawing
left side of an expense
right side of capital
-46. An account designed to accumulate totals to offset a reiated account:
a. chart of account
d. contra account
b. checking account
e. temporary account
c. revenue account
The "book of original entry" is the
a. General Journal
d. Chart of accounts
b. General Ledger
e. Exodus
c. Worksheet
The amount by which total assets exceed total liabilities:
a. Net Income
d. Temporary Account
b. Trial Balance
e. Capital
c. Account Receivable
-49. Which of the following is an asset?
a. Account Payable
d. Supplies Expense
b. Drawing Account
e. Accumulated Depreciation, Equipment
c. Prepaid Insurance
-50. The book conta'ining all the accounts of a business:
a. General Journal
d. Book Income
b. General Ledger
e. Exodus
c. Worksheet
-51. An error resulting in debits not being equal to credits would be found
where?
a. Chart of Accounts
d. Contra Account
b. Income statement :
e: Trial Balance
c. Statement of Owner's equity
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