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which is the correct answer 16) How are explanations distinguished in the journal? A) They are underlined. BJ They are in bold print C) They

which is the correct answer

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16) How are explanations distinguished in the journal? A) They are underlined. BJ They are in bold print C) They are written bilow the credit entries. DJ They are writen along the margin, beside the debit and credit entries. 17) The journal entry debting Cash and crediting Capital would be a result of afn] Al withdrawal Bj expense Chinvestment DJ revenue 10) IN you debt Prepaid Insurance, you most likely will Al credit Fees Eamed # debit Cash C) credit Insurance Expense. DJ credi Cash 10) During the month of January, Katelyn invested $10,090 in starting her legal practice. T proper journal entry would be A) Cash, debt 310,000, Katelyn's Capital, credit $10,000 B) Katelyn's Capital, debit $10,000, Cash, credit $10,000. C) Cash, debt $10,000; Revenue, credit $10,000 DJ Katelyn's Withdrawals, debit $10/000; Cash, credit $10,000 20) Which of the following entries records the acquisition of office supplies for cash? A) Office Supplies 4,000 Cash 4.000 B) Office Supplies 4.000 Accounts Payable 4,000 C) Equipment 4.000 Accounts Payable 4,000 DJ Equipment 4,000 Accounts Receivable 4.000 21) During the month of October, Ford advertised on the Internet, Ford received the bill for in October, but waited unhl November to pay the advertising expense. The journal ent record the payment in November is A) Accounts Payable dobit; Cash credit. B) Advertising Expense debit; Accounts Payable credit C) Advertising Expense debit, Cash credit DJ A journal entry is not made in November. 22) On July 1. Hil's Construction paid six months' insurance in advance. The journal entry record this transaction is A Debit Prepaid Insurance, Credit Cash B) Debit Insurance Expense; Credit Cash C) Debit Cash; Credit Prepaid Insurance, D) Debit Cash, Credit Insurance Expense

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