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Please answer ALL of the multiple choice questions.
Sinurfs & Toads Inc. purchased sio 000 short-term...
Please answer the multiple choice questions, no work needed MULTIPLE CHOICE PLEASE CIRCLE YOUR ANSWER DONor...
Please answer the multiple choice questions, no work needed
MULTIPLE CHOICE PLEASE CIRCLE YOUR ANSWER DONor wRITE YOUR ANSWER IN THE MARGIN On January 1,2015, the Accounts Receivable of Linda Company had a debit balance of 51 January, the company provided services for $600,.000 on account. The company collected $230,000 tr t. $150.000 Daring customers on account in January. What was the ending balance in the Accounts Receivable of January?o A. $370,000 debit B $7,000 debit C. $520,000 debit D....
Multiple Choice Questions: 1) An example on an ACCRUAL journal entry is: A) Debit to Interest...
Multiple Choice Questions: 1) An example on an ACCRUAL journal entry is: A) Debit to Interest Expense and Credit to Interest Payable, because the expense has been incurred but it wasn't paid yet which creates a liability B) Debit to A/R and Credit to Service Revenue because the service has been provided and the customer already paid us in advance C) Debit to Salaries Expense and Credit to Salaries Payable, because the expense has been incurred and cash was paid...
Which of the following is an example of a current liability Accounts Payable b. Cash Equipment...
Which of the following is an example of a current liability Accounts Payable b. Cash Equipment d Note payable due in 5 years 15 business pays weekly salaries of $5.000 on Friday for a five-day week ending on the wyThe adjusting entry necessary at the end of the fiscal period ending on a Tuesday Debit Salaries and Wages Payable, $2.000; Credit Cash, $2.000 Debit Salaries and Wages Expense $5,000 Credit Cash, $5.000 Debit Salaries and Wages Expense S2000 Cred Salaries...
please answer the following multiple choice questions 20. The following information is from the balance sheet...
please answer the following multiple choice questions
20. The following information is from the balance sheet of Tudor Corporation as of December 31, 2014 Preferred stock, S100 par Paid-in capital in excess of par preferred Common stock, SI par Paid-in capital in excess of par common Retained earnings Total stockholders' equity What was the average issue price of the common stock shares? A) S1.90 B) $1.00 C) $3.00 D) S13.15 $ 500,000 35,000 190,000 380,000 131.500 SL236.500 21. Dallkin Corporation...
On January 7, a corporation purchased supplies of $1,200. At the end of the month it...
On January 7, a corporation purchased supplies of $1,200. At the end of the month it was determined that the supplies at the end of the period was only $200. What is the ADJUSTING entry that should be recorded as a result of this information? Debit supplies; credit supplies expense Debit supplies expense; credit Supplies Debit accounts receivable; credit Supplies expense Debit supplies ; credit cash Adjusting journal entries are divided into two main categories. What are these called? Depreciation...
Answer all of these thank you 8. A debit to wages expense can be balanced by...
Answer all of these thank you
8. A debit to wages expense can be balanced by a credit to what account. A. Wages Payable B. Fees Earned C. Fees Unearned D. Depreciation 9. A credit to prepaid insurance can be balanced by a debit to what account. A. Insurance Expense B. Notes Payable C. Revenue D. Unearned Revenue 10. A credit to rental revenue can be balanced by a debit to what account. A. Depreciation B. Rental Expense C. Accounts...
6) Salaries and Wages Expense appears on the while Salaries and Wages Payable is a(n): A)...
6) Salaries and Wages Expense appears on the while Salaries and Wages Payable is a(n): A) Balance sheet: expense on the balance sheet B) Balance sheet: liability on the income statement C) Income statement: liability on the balance sheet D) Income statement: expense on the income statement 7) In addition to requiring that the accounting equation remain in balance, the double-entry system also requires that: A) the total dollar amount of debits must equal the total dollar amount of credits....
Q1) If total liabilities increased by $10,000 and the assets increased by $10,000 during the accounting...
Q1) If total liabilities increased by $10,000 and the assets increased by $10,000 during the accounting period, what is the change in the owner's equity amount? A) No effect on owner's equity B) Decrease of $10,000 C) Increase of $20,000 D) Decrease of $40,000 Q2) Which of the following entries records the owner taking cash for personal use? A) Wage Expense, debit; Cash, credit B) Capital, debit; Cash, credit C) Withdrawals, debit; Cash, credit D) No entry is necessary since...
all help appreciated Required information [The following information applies to the questions displayed below] Starbooks Corporation...
all help appreciated
Required information [The following information applies to the questions displayed below] Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018. Accounts Payable $ 595 Accounts Receivable 295 Accumulated Depreciation 895 Cash 295 Common Stock 195 Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes...
The alphabetical listing below includes all of the adjusted account balances of Battle Creek, Inc. as...
The alphabetical listing below includes all of the adjusted account balances of Battle Creek, Inc. as of December 31, 2018. All account balances are normal Accounts Payable Accounts Receivable Accumulated Depreciation Common Stock Cash Depreciation Expense Dividends Equipment Income Tax Expense Income Taxes Payable Rent Expense Retained Earnings Salaries and Wages Expense Service Revenue Deferred Revenue $ 4,300 8,800 3,900 3,300 3,700 1,800 2,000 10,300 1,800 1,800 1,200 4,600 8,800 18,100 2,400 Required: o. Prepare the closing entries. (If no...
Please answer the multiple choice questions, no work needed
MULTIPLE CHOICE PLEASE CIRCLE YOUR ANSWER DONor wRITE YOUR ANSWER IN THE MARGIN On January 1,2015, the Accounts Receivable of Linda Company had a debit balance of 51 January, the company provided services for $600,.000 on account. The company collected $230,000 tr t. $150.000 Daring customers on account in January. What was the ending balance in the Accounts Receivable of January?o A. $370,000 debit B $7,000 debit C. $520,000 debit D....
Which of the following is an example of a current liability Accounts Payable b. Cash Equipment d Note payable due in 5 years 15 business pays weekly salaries of $5.000 on Friday for a five-day week ending on the wyThe adjusting entry necessary at the end of the fiscal period ending on a Tuesday Debit Salaries and Wages Payable, $2.000; Credit Cash, $2.000 Debit Salaries and Wages Expense $5,000 Credit Cash, $5.000 Debit Salaries and Wages Expense S2000 Cred Salaries...
please answer the following multiple choice questions
20. The following information is from the balance sheet of Tudor Corporation as of December 31, 2014 Preferred stock, S100 par Paid-in capital in excess of par preferred Common stock, SI par Paid-in capital in excess of par common Retained earnings Total stockholders' equity What was the average issue price of the common stock shares? A) S1.90 B) $1.00 C) $3.00 D) S13.15 $ 500,000 35,000 190,000 380,000 131.500 SL236.500 21. Dallkin Corporation...
Answer all of these thank you
8. A debit to wages expense can be balanced by a credit to what account. A. Wages Payable B. Fees Earned C. Fees Unearned D. Depreciation 9. A credit to prepaid insurance can be balanced by a debit to what account. A. Insurance Expense B. Notes Payable C. Revenue D. Unearned Revenue 10. A credit to rental revenue can be balanced by a debit to what account. A. Depreciation B. Rental Expense C. Accounts...
6) Salaries and Wages Expense appears on the while Salaries and Wages Payable is a(n): A) Balance sheet: expense on the balance sheet B) Balance sheet: liability on the income statement C) Income statement: liability on the balance sheet D) Income statement: expense on the income statement 7) In addition to requiring that the accounting equation remain in balance, the double-entry system also requires that: A) the total dollar amount of debits must equal the total dollar amount of credits....
all help appreciated
Required information [The following information applies to the questions displayed below] Starbooks Corporation provides an online bookstore for electronic books. The following is a simplified list of accounts and amounts reported in its accounting records. The accounts have normal debit or credit balances. Assume the year ended on September 30, 2018. Accounts Payable $ 595 Accounts Receivable 295 Accumulated Depreciation 895 Cash 295 Common Stock 195 Deferred Revenue Depreciation Expense Equipment Income Tax Expense Interest Revenue Notes...
The alphabetical listing below includes all of the adjusted account balances of Battle Creek, Inc. as of December 31, 2018. All account balances are normal Accounts Payable Accounts Receivable Accumulated Depreciation Common Stock Cash Depreciation Expense Dividends Equipment Income Tax Expense Income Taxes Payable Rent Expense Retained Earnings Salaries and Wages Expense Service Revenue Deferred Revenue $ 4,300 8,800 3,900 3,300 3,700 1,800 2,000 10,300 1,800 1,800 1,200 4,600 8,800 18,100 2,400 Required: o. Prepare the closing entries. (If no...
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