Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The heading for the Balance Sheet should read: Question 8 options: No date is in the heading, it is over on the left side 12/31/21

The heading for the Balance Sheet should read:

Question 8 options:

No date is in the heading, it is over on the left side

12/31/21

For the year ended 12/31/21

Year of the dragon 2021

Question 9 (15 points)

Please match the following:

Question 9 options:

12345

Wages Payable

12345

Supplies

12345

Cost of Goods Sold

12345

Sales Discounts

12345

Drawing

1.

Assets or contra-assets

2.

Liabilities or contra-liabilites

3.

Owner's Equity

4.

Revenues or contra-revenues

5.

Expenses or contra-expenses

Question 10 (3 points)

When it is time for petty cash reimbursement, a document listing all the expenditures from the petty cash fund along with the account each should be recorded to is also remitted, called:

Question 10 options:

Petty Cash Voucher

Voucher Expense

Petty Cash Register

General Journal

Question 11 (3 points)

Which of the following accounts is most likely to show up on a Balance Sheet?

Question 11 options:

Purchases

Cost of Goods Sold

Sales

Inventory

Question 12 (3 points)

In a bank reconciliation there is an entry showing an NSF check from a customer. This would be found:

Question 12 options:

on the book side as a subtraction

on the bank side as an addition

on the bank side as a subtraction

on the book side as an addition

Question 13 (3 points)

The heading for the Balance Sheet should read:

Question 8 options:

No date is in the heading, it is over on the left side

12/31/21

For the year ended 12/31/21

Year of the dragon 2021

Question 9 (15 points)

Please match the following:

Question 9 options:

12345

Wages Payable

12345

Supplies

12345

Cost of Goods Sold

12345

Sales Discounts

12345

Drawing

1.

Assets or contra-assets

2.

Liabilities or contra-liabilites

3.

Owner's Equity

4.

Revenues or contra-revenues

5.

Expenses or contra-expenses

Question 10 (3 points)

When it is time for petty cash reimbursement, a document listing all the expenditures from the petty cash fund along with the account each should be recorded to is also remitted, called:

Question 10 options:

Petty Cash Voucher

Voucher Expense

Petty Cash Register

General Journal

Question 11 (3 points)

Which of the following accounts is most likely to show up on a Balance Sheet?

Question 11 options:

Purchases

Cost of Goods Sold

Sales

Inventory

Question 12 (3 points)

In a bank reconciliation there is an entry showing an NSF check from a customer. This would be found:

Question 12 options:

on the book side as a subtraction

on the bank side as an addition

on the bank side as a subtraction

on the book side as an addition

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Managerial Accounting

Authors: Peter Brewer, Ray Garrison, Eric Noreen

7th edition

978-1259675539, 125967553X, 978-1259594168, 1259594165, 78025796, 978-0078025792

More Books

Students also viewed these Accounting questions

Question

What is the labor market like?

Answered: 1 week ago