Page # 58-82 Answer the following questions on sheet 1 labeled QUESTIONS:

1.What are the three (3) parts of a "T" account?

2.How do you determine the balance of a "T" account?

3.What is the increase side of an account called?

4.Which types of accounts have a normal debit balance?

5.Which types of accounts have a normal credit balance?

6.How do you remember which accounts have normal debit or credit balances?

7.Look at the cash account ledger card on page 69. The card has two sets of debits and credits. Which set is the transaction set and which set is the balance set?

8.Look at the account ledger cards on page 79 and page 80. Which account ledger cards have the balance amounts in both the debit and credit columns?

9.How do you calculate the running balance of the account ledger card with a normal debit balance?

10.How do you calculate the running balance of the account ledger card with a normal credit balance?

11.What is the only purpose of the unadjusted trail balance?

12.Name two (2) types of common posting errors and define each.

13.What is the effect of posting a transaction to both accounts with a debit entry?