Homework Answers
|
Answer) option d posting reference Posting reference, it facilitates cross-referencing or interlink between journal and t ledger in process of posting . Posting reference columns are present in both the jo ledger and the journal . Also known as: Folio. |
Add Answer to:
The_ indicates where the information originated and to where the information was transferred. O A. Balance...
Posting is: A. copying the information from the ledger to the financial statements. B. entering the...
Posting is: A. copying the information from the ledger to the financial statements. B. entering the data into the journal. C. copying the information from the journal to the trial balance. D. copying the information from the journal to the ledger.
het hy 11 hekta 130 as of February 2012 GENERAL LEDGER n February 11, 2019, Quick...
het hy 11 hekta 130 as of February 2012 GENERAL LEDGER n February 11, 2019, Quick Fix Company purchased $2,250 of supplies on account. In Quick Fix's chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21. . Journalize and insert the posting reference for the February 11, 2019, transaction on page 73 of Quick Fix Company's two-column journal. If an amount box does not require an entry, leave it blank Page: 73...
not sure if the answer is correct? Information to calculate the adjusted cash balance for Sue's...
not sure if the answer is correct?
Information to calculate the adjusted cash balance for Sue's Company is as follows: $2,100 Cash balance per general ledger Customer's check returned—NSF Bank service charges Deposits in transit Outstanding checks Customer's note collected by bank 300 O A. $2,190 O B. $2,280 O c. $2,690 OD. $3,490 Click to select your answer.
accounting questions! QUESTION 1 In a merchandising business, the income summary balance is transferred to the:...
accounting questions!
QUESTION 1 In a merchandising business, the income summary balance is transferred to the: retained earnings. income summary. capital trial balance. QUESTION 2 To close the income summary to the retained earnings and transfer the net profit, which account should be credited? Income Summary Retained Earnings Withdrawals Owner's Capital QUESTION 3 The first step in the accounting cycle is: preparing a post-closing trial balance. collecting and verifying source documents analyzing each business transaction. O preparing a trial balance....
Journalizing and Posting On February 11, 2099, Quick Fix Company purchased $2,310 of supplies on account....
Journalizing and Posting On February 11, 2099, Quick Fix Company purchased $2,310 of supplies on account. In Quick Fix's chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21. a. Journalize and insert the posting reference for the February 11, 2049, transaction on page 73 of Quick Fix Company's two-column journal. If an amount box does not require an entry, leave it blank. Page: 73 DATE ACCOUNT TITLE POST. REF DEBIT CREDIT 12/11/2079...
2.8. Unearned revenue normally has a credit balance 2.9. Consulting revenue normally has a debit balance...
2.8. Unearned revenue normally has a credit balance 2.9. Consulting revenue normally has a debit balance 2.10. Sales revenue normally has a credit balance 2.11. Owner's withdrawals normally have a credit balance 2.12. Owner's capital normally has a credit balance 2.13. Equipment normally has a credit balance 2.14. Office supplies normally has a debit balance 2.15. Insurance expense normally has a debit balance a) False a) False a) False b) True b) True b) True a) False b) True a)...
Chet Refer to the information given below: a. The October 31 cash balance in the general...
Chet Refer to the information given below: a. The October 31 cash balance in the general ledger is $799. b. The October 31 balance shown on the bank statement is $352. c. Checks issued but not returned with the bank statement were No. 462 for $23 and No. 483 for $51. d. A deposit made late on October 31 for $443 is included in the general ledger balance but not in the bank statement balance. e. Returned with the bank...
Which of the following statements is true of a trial balance? O A. A trial balance...
Which of the following statements is true of a trial balance? O A. A trial balance has the same format as a balance sheet. OB. A trial balance is prepared after the balance sheet. OC. A trial balance presents data in debit and credit format. OD. A trial balance shows the total amounts of assets and liabilities, but not equity. Durable Plastics Company had the following total assets, liabilities, and equity as of December 31. Total Assets Total Liabilities Total...
What ratio indicates the management's effective use of company resources? O A) The profit before tax...
What ratio indicates the management's effective use of company resources? O A) The profit before tax to total assets (PTA) OB) The Degree of Fixed Asset Newness (DFAN) O C) Profit before tax to net worth ratio OD) Expense to Revenue ratios
het hy 11 hekta 130 as of February 2012 GENERAL LEDGER n February 11, 2019, Quick Fix Company purchased $2,250 of supplies on account. In Quick Fix's chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21. . Journalize and insert the posting reference for the February 11, 2019, transaction on page 73 of Quick Fix Company's two-column journal. If an amount box does not require an entry, leave it blank Page: 73...
not sure if the answer is correct?
Information to calculate the adjusted cash balance for Sue's Company is as follows: $2,100 Cash balance per general ledger Customer's check returned—NSF Bank service charges Deposits in transit Outstanding checks Customer's note collected by bank 300 O A. $2,190 O B. $2,280 O c. $2,690 OD. $3,490 Click to select your answer.
accounting questions!
QUESTION 1 In a merchandising business, the income summary balance is transferred to the: retained earnings. income summary. capital trial balance. QUESTION 2 To close the income summary to the retained earnings and transfer the net profit, which account should be credited? Income Summary Retained Earnings Withdrawals Owner's Capital QUESTION 3 The first step in the accounting cycle is: preparing a post-closing trial balance. collecting and verifying source documents analyzing each business transaction. O preparing a trial balance....
Journalizing and Posting On February 11, 2099, Quick Fix Company purchased $2,310 of supplies on account. In Quick Fix's chart of accounts, the supplies account is No. 15, and the accounts payable account is No. 21. a. Journalize and insert the posting reference for the February 11, 2049, transaction on page 73 of Quick Fix Company's two-column journal. If an amount box does not require an entry, leave it blank. Page: 73 DATE ACCOUNT TITLE POST. REF DEBIT CREDIT 12/11/2079...
2.8. Unearned revenue normally has a credit balance 2.9. Consulting revenue normally has a debit balance 2.10. Sales revenue normally has a credit balance 2.11. Owner's withdrawals normally have a credit balance 2.12. Owner's capital normally has a credit balance 2.13. Equipment normally has a credit balance 2.14. Office supplies normally has a debit balance 2.15. Insurance expense normally has a debit balance a) False a) False a) False b) True b) True b) True a) False b) True a)...
Chet Refer to the information given below: a. The October 31 cash balance in the general ledger is $799. b. The October 31 balance shown on the bank statement is $352. c. Checks issued but not returned with the bank statement were No. 462 for $23 and No. 483 for $51. d. A deposit made late on October 31 for $443 is included in the general ledger balance but not in the bank statement balance. e. Returned with the bank...
Which of the following statements is true of a trial balance? O A. A trial balance has the same format as a balance sheet. OB. A trial balance is prepared after the balance sheet. OC. A trial balance presents data in debit and credit format. OD. A trial balance shows the total amounts of assets and liabilities, but not equity. Durable Plastics Company had the following total assets, liabilities, and equity as of December 31. Total Assets Total Liabilities Total...
What ratio indicates the management's effective use of company resources? O A) The profit before tax to total assets (PTA) OB) The Degree of Fixed Asset Newness (DFAN) O C) Profit before tax to net worth ratio OD) Expense to Revenue ratios
Most questions answered within 3 hours.
-
How would you train your employees to avoid risks of using
mobile devices?
asked 14 minutes ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 1 hour ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 2 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 2 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 4 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 4 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 5 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 6 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 6 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 6 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 6 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 7 hours ago