Homework Answers
| a | 4. Credit |
| b | 2. Analyzing transaction |
| c | 9. Posting |
| d | 8. Ledger |
| e | 5. Debit |
| f | 7. Journalizing |
| g | 10. Trial balance |
| h | 4. Credit |
| i | 3. Chart of accounts |
| j | 6. Journal |
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Ма E2.2 (LO 1, 2, 3, 4) K Here are some of the concepts discussed in...
tlons: Match each of the statements below with its proper terms may not be used Some...
tlons: Match each of the statements below with its proper terms may not be used Some A. account B. assets C. balance of the account D. chart of accounts E. credits F. debits G. double-entry accounting H. drawing O. liabilities P. materiality concept Q. objectivity concept R. owner's equity S. posting T. revenues U. slide V. T account W. transposition X. trial balance J. horizontal analysis K. journal L. journal entry M. jounalizing Y. two-column journal Z uneaned revenue AA....
Practice Multiple-Choice Questions 1. (LO 1) The effects on the basic accounting equation of perform ing...
Practice Multiple-Choice Questions 1. (LO 1) The effects on the basic accounting equation of perform ing services for cash are to: a. increase assets and decrease stockholders' equity. b. increase assets and increase stockholders' equity. c. increase assets and increase liabilities. d. increase liabilities and increase stockholders' equity. 2. (LO 1) Genesis Company buys a $900 machine on credit. This transaction will affect the: a. income statement only b. balance sheet only. c. income statement and retained earnings statement only....
1. Match the accounting terms with the corresponding definitions. (Click the icon to view the accounting...
1. Match the accounting terms with the corresponding definitions. (Click the icon to view the accounting terms.) a. (2) b. A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period The record holding all the accounts of a business, the changes in those accounts, and their balances A journal entry that is characterized by having multiple debits and/or multiple credits A record of transactions in date order Left side...
Chapter 2 LO 1, 2, 3, 4, 5 S2-16. (Learning Objectives 1, 2, 3, 4, 5:...
Chapter 2 LO 1, 2, 3, 4, 5 S2-16. (Learning Objectives 1, 2, 3, 4, 5: Define accounting terms) Accounting has its own! vocabulary and basic relationships. Match the accounting terms at the left with the correspond ing definition or meaning at the right. 1. Posting A. The cost of operating a business; a decrease in stock 2. Expense holders' equity B. Always an asset 3. Debit C. Side of an account where increases are recorded 4. Trial balance D....
Homework: Chapter 2, Part 1 Score: 0 of 2 pts E2-10 (book/static) 7 of 10 (2...
Homework: Chapter 2, Part 1 Score: 0 of 2 pts E2-10 (book/static) 7 of 10 (2 complete) HW Score: 14.2 Que est Match the accounting terms with the corresponding definitions. (Click the icon to view the accounting terms.) More Info A detailed record of asset, liability, or eq The record holding a v a. ar 1. Posting b. and their balances c. A journal entry that d. A record of transacti e. Left side of a T-acco 3. Debit 4....
wat Question 1 42 Matching A licensed accounting professional [ Choose Costs that relate to the...
wat Question 1 42 Matching A licensed accounting professional [ Choose Costs that relate to the earnings of revenue [Choose] . Represents amount owed to us by our charge customers [Choose) . Excess of total expenses over total revenue [Choose] + Excess of total revenue over total expenses [Choose ] Something a company owns [Choose ] Categories under the main headings Assets, Liabilities, Owner's Equity [Choose ] Choose ] 4 Expresses the relationship between assets, liabilities, and owner's equity Taking...
Match Terms PART IV TABLE COMPLETION (10 Points) Match the following terms with the definitions or...
Match Terms
PART IV TABLE COMPLETION (10 Points) Match the following terms with the definitions or statements listed below. Indicate your answers in the spaces provided. a. b. C. i. Accounting cycle Accounting period Adjusting Book value Cross-referencing General journal g. Posting h. Residual value Slide j. Transposition k. Trial balance Worksheet d. e. f. I. Answer 1. A multi-column form used by accountants as an aid in gathering data to complete the accounting cycle. 2. An informal listing of...
B * 67%C4) Mon 1:00 PM a ⓇO E5.2 (LO 1, 2, 3, 4, 5, 6) K The following are some of the terms discussed in the chap...
B * 67%C4) Mon 1:00 PM a ⓇO E5.2 (LO 1, 2, 3, 4, 5, 6) K The following are some of the terms discussed in the chapter: Match concepts with descriptions. 1. Gross profit 2. Perpetual inventory system 3. Cost of goods sold 4. Purchase returns 5. Freight out 6. FOB shipping point 7. Periodic inventory system 8. Subsidiary ledger 9. Sales discounts 10. FOB destination 11. Sales allowance 12. Non-operating activities 13. Profit margin 14. Contra revenue account...
Exercise 2-3 Identifying a ledger and chart of accounts LO C3 Select the item that best...
Exercise 2-3 Identifying a ledger and chart of accounts LO C3 Select the item that best completes each of the descriptions below. eBook C a Increases and decreases in a specific asset. liability, equity revenue or expense are recorded in an b. A(n) such as a sales receipt is reable evidence of a transaction and its amount A of accounts is a list of all accounts a company uses not including account balances d Ant has a complete record of...
tlons: Match each of the statements below with its proper terms may not be used Some A. account B. assets C. balance of the account D. chart of accounts E. credits F. debits G. double-entry accounting H. drawing O. liabilities P. materiality concept Q. objectivity concept R. owner's equity S. posting T. revenues U. slide V. T account W. transposition X. trial balance J. horizontal analysis K. journal L. journal entry M. jounalizing Y. two-column journal Z uneaned revenue AA....
Practice Multiple-Choice Questions 1. (LO 1) The effects on the basic accounting equation of perform ing services for cash are to: a. increase assets and decrease stockholders' equity. b. increase assets and increase stockholders' equity. c. increase assets and increase liabilities. d. increase liabilities and increase stockholders' equity. 2. (LO 1) Genesis Company buys a $900 machine on credit. This transaction will affect the: a. income statement only b. balance sheet only. c. income statement and retained earnings statement only....
1. Match the accounting terms with the corresponding definitions. (Click the icon to view the accounting terms.) a. (2) b. A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period The record holding all the accounts of a business, the changes in those accounts, and their balances A journal entry that is characterized by having multiple debits and/or multiple credits A record of transactions in date order Left side...
Chapter 2 LO 1, 2, 3, 4, 5 S2-16. (Learning Objectives 1, 2, 3, 4, 5: Define accounting terms) Accounting has its own! vocabulary and basic relationships. Match the accounting terms at the left with the correspond ing definition or meaning at the right. 1. Posting A. The cost of operating a business; a decrease in stock 2. Expense holders' equity B. Always an asset 3. Debit C. Side of an account where increases are recorded 4. Trial balance D....
Homework: Chapter 2, Part 1 Score: 0 of 2 pts E2-10 (book/static) 7 of 10 (2 complete) HW Score: 14.2 Que est Match the accounting terms with the corresponding definitions. (Click the icon to view the accounting terms.) More Info A detailed record of asset, liability, or eq The record holding a v a. ar 1. Posting b. and their balances c. A journal entry that d. A record of transacti e. Left side of a T-acco 3. Debit 4....
wat Question 1 42 Matching A licensed accounting professional [ Choose Costs that relate to the earnings of revenue [Choose] . Represents amount owed to us by our charge customers [Choose) . Excess of total expenses over total revenue [Choose] + Excess of total revenue over total expenses [Choose ] Something a company owns [Choose ] Categories under the main headings Assets, Liabilities, Owner's Equity [Choose ] Choose ] 4 Expresses the relationship between assets, liabilities, and owner's equity Taking...
Match Terms
PART IV TABLE COMPLETION (10 Points) Match the following terms with the definitions or statements listed below. Indicate your answers in the spaces provided. a. b. C. i. Accounting cycle Accounting period Adjusting Book value Cross-referencing General journal g. Posting h. Residual value Slide j. Transposition k. Trial balance Worksheet d. e. f. I. Answer 1. A multi-column form used by accountants as an aid in gathering data to complete the accounting cycle. 2. An informal listing of...
B * 67%C4) Mon 1:00 PM a ⓇO E5.2 (LO 1, 2, 3, 4, 5, 6) K The following are some of the terms discussed in the chapter: Match concepts with descriptions. 1. Gross profit 2. Perpetual inventory system 3. Cost of goods sold 4. Purchase returns 5. Freight out 6. FOB shipping point 7. Periodic inventory system 8. Subsidiary ledger 9. Sales discounts 10. FOB destination 11. Sales allowance 12. Non-operating activities 13. Profit margin 14. Contra revenue account...
Exercise 2-3 Identifying a ledger and chart of accounts LO C3 Select the item that best completes each of the descriptions below. eBook C a Increases and decreases in a specific asset. liability, equity revenue or expense are recorded in an b. A(n) such as a sales receipt is reable evidence of a transaction and its amount A of accounts is a list of all accounts a company uses not including account balances d Ant has a complete record of...
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