Homework Answers
| 1 | dr. | Office Supplies Inventory |
| cr. | Cash | |
| 2 | dr. | Petty Cash |
| cr. | Cash | |
| 3 | dr. | Bad debt expense |
| cr. | Accounts Receivable | |
| 4 | dr. | Prepaid Advertising |
| cr. | Cash | |
| 5 | dr. | Merchandise Inventory |
| cr. | Accounts Payable | |
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Select the correct Dr. and Cr. to record this event..... Purchased Office Supplies for $200 cash....
Select the correct Dr. and Cr. to record this event..... As you recall, your retail store...
Select the correct Dr. and Cr. to record this event..... As you recall, your retail store is doing extensive radio advertising this holiday season and has already paid for this campaign. During the month of October, 1/3 of the season's planned ad's have aired. Record the October 31st month-end adjusting entry. dr. Choose... . Cr. 0 Choose.. Choose... Select the is event..... dr. Advertising Expense cr. Advertising Expense dr. Prepaid Advertising cr. Prepaid Advertising The current adjusting ages & Salaries...
Select the correct Dr. and Cr. to record this event..... It's September 30th and you're still...
Select the correct Dr. and Cr. to record this event..... It's September 30th and you're still working at the construction company. The manager tells you the job to renovate that kitchen is half-way done. Record the month-end adjusting entry. dr. 1) Choose... cr. Choose... > Choose... dr. Unearned Revenue - Home Renovation Select the dr. Revenue - Home Renovation Your retail offers term cr. Unearned Revenue - Home Renovation period. Red cr. Revenue - Home Renovation managing its merchandise inventory....
Select the correct dr & cr to record the following event..... You paid $200 cash to...
Select the correct dr & cr to record the following event..... You paid $200 cash to have your delivery van's oil changed and tires rotated. dr. Choose... cr. Choose... Choose... dr. Maint.& Repairs Expense - Delivery Van Select the dr. Delivery Van (asset account) You spent dr. Cash accommod cr. Maint.& Repairs Expense - Delivery Van ny's tow truck and to up dr. cr. Cash Select the correct dr & cr to record the following event..... You spent $4,000 cash...
Select the correct Dr. and Cr. to record this year's Federal income taxes..... dr. Choose... cr....
Select the correct Dr. and Cr. to record this year's Federal income taxes..... dr. Choose... cr. Choose... e Choose... dr. Income Tax Expense dr. Income Tax Payable Back on De cr. Income Tax Payable pur company's obligation for Federal in Today is M cr. Income Tax Expense payment to the IRS. Back on December 31st, you recorded your company's obligation for Federal income taxes. Today is March 15 and you need to remit payment to the IRS. Select the correct...
Select the correct Dr. and Cr. to record this event..... It's time to close the company's...
Select the correct Dr. and Cr. to record this event..... It's time to close the company's books for the current month. Select the appropriate Dr. or Cr. to process the REID journal entry when your company has a Net Income to report. Note: Pay close attention to what each row is asking.... and select the right Dr. and Cr. accordingly. Will you dr. or cr..... the Revenue accounts for the "R"? Choose... > Will you dr. or cr..... Income Summary...
Four months ago, you wrote off a customer's worthless account. Today, he brought in a money...
Four months ago, you wrote off a customer's worthless account. Today, he brought in a money order for the full amount he had owed. What is your 4-row journal entry to record this event if your company uses the Direct Write-Off Method? (1) dr. (to reverse the original write-off) Choose... (2) cr. (to reverse the original write-off) Choose... (3) dr. (to recognize payment) cr. A/R cr. Cash (4) cr. (to recognize payment) cr. Bad Debts Expense dr. Bad Debt Expense...
Your company uses the Perpetual Inventory system. What is the 4-row journal entry to record...
Your company uses the Perpetual Inventory system. What is the 4-row journal entry to record a cash-based sale? (1) dr. (to record the sale) > Choose... (2) cr. (to record the sale) Choose... (3) dr. (to remove inventory) cr. Sales Revenue dr. Cash (4) cr. (to remove inventory) dr. Cost of Goods Sold cr. Merchandise Inventory Your company uses the Periodic Inve dr. Merchandise Inventory What is the journal entry when a cuscr. Cash purchas dr. Accounts Receivable dr....
Your company uses the Perpetual Inventory system. What is the 4-row journal entry to record a...
Your company uses the Perpetual Inventory system. What is the 4-row journal entry to record a cash-based sale? (1) dr. (to record the sale) Choose... (2) cr. (to record the sale) Choose... (3) dr. (to remove inventory) cr. Sales Revenue (4) cr. dr. Cash (to remove inventory) dr. Cost of Goods Sold cr. Merchandise Inventory Your company uses the Periodic Inve dr. Merchandise Inventory What is the journal entry when a cuscr. Cash purchased on dr. Accounts Receivable dr. Choose......
Your company uses the Periodic Inventory system. What is the journal entry to record returning merchandise...
Your company uses the Periodic Inventory system. What is the journal entry to record returning merchandise inventory to your vendor that was bought on- account? dr. Choose... Cr. Choose... dr. Merchandise Inventory dr. Purchases Returns & Allowances Your comp What is the account? cr. Accounts Payable cr. Merchandise Inventory cr. Purchases Returns & Allowances ndise inventory to your vendor that was bought on- dr. dr. Accounts Payable Your company uses the Perpetual Inventory system. What is the journal entry to...
IF I accidentally record an entry twice for example ( Dr expanse and CR cash) or...
IF I accidentally record an entry twice for example ( Dr expanse and CR cash) or ( DR sells revenue CR account receiveable) based on these two examples briefly describe how a reversing journal entry can correct the wrong entry?
Select the correct Dr. and Cr. to record this event..... As you recall, your retail store is doing extensive radio advertising this holiday season and has already paid for this campaign. During the month of October, 1/3 of the season's planned ad's have aired. Record the October 31st month-end adjusting entry. dr. Choose... . Cr. 0 Choose.. Choose... Select the is event..... dr. Advertising Expense cr. Advertising Expense dr. Prepaid Advertising cr. Prepaid Advertising The current adjusting ages & Salaries...
Select the correct Dr. and Cr. to record this event..... It's September 30th and you're still working at the construction company. The manager tells you the job to renovate that kitchen is half-way done. Record the month-end adjusting entry. dr. 1) Choose... cr. Choose... > Choose... dr. Unearned Revenue - Home Renovation Select the dr. Revenue - Home Renovation Your retail offers term cr. Unearned Revenue - Home Renovation period. Red cr. Revenue - Home Renovation managing its merchandise inventory....
Select the correct dr & cr to record the following event..... You paid $200 cash to have your delivery van's oil changed and tires rotated. dr. Choose... cr. Choose... Choose... dr. Maint.& Repairs Expense - Delivery Van Select the dr. Delivery Van (asset account) You spent dr. Cash accommod cr. Maint.& Repairs Expense - Delivery Van ny's tow truck and to up dr. cr. Cash Select the correct dr & cr to record the following event..... You spent $4,000 cash...
Select the correct Dr. and Cr. to record this year's Federal income taxes..... dr. Choose... cr. Choose... e Choose... dr. Income Tax Expense dr. Income Tax Payable Back on De cr. Income Tax Payable pur company's obligation for Federal in Today is M cr. Income Tax Expense payment to the IRS. Back on December 31st, you recorded your company's obligation for Federal income taxes. Today is March 15 and you need to remit payment to the IRS. Select the correct...
Select the correct Dr. and Cr. to record this event..... It's time to close the company's books for the current month. Select the appropriate Dr. or Cr. to process the REID journal entry when your company has a Net Income to report. Note: Pay close attention to what each row is asking.... and select the right Dr. and Cr. accordingly. Will you dr. or cr..... the Revenue accounts for the "R"? Choose... > Will you dr. or cr..... Income Summary...
Four months ago, you wrote off a customer's worthless account. Today, he brought in a money order for the full amount he had owed. What is your 4-row journal entry to record this event if your company uses the Direct Write-Off Method? (1) dr. (to reverse the original write-off) Choose... (2) cr. (to reverse the original write-off) Choose... (3) dr. (to recognize payment) cr. A/R cr. Cash (4) cr. (to recognize payment) cr. Bad Debts Expense dr. Bad Debt Expense...
Your company uses the Perpetual Inventory system. What is the 4-row journal entry to record a cash-based sale? (1) dr. (to record the sale) > Choose... (2) cr. (to record the sale) Choose... (3) dr. (to remove inventory) cr. Sales Revenue dr. Cash (4) cr. (to remove inventory) dr. Cost of Goods Sold cr. Merchandise Inventory Your company uses the Periodic Inve dr. Merchandise Inventory What is the journal entry when a cuscr. Cash purchas dr. Accounts Receivable dr....
Your company uses the Perpetual Inventory system. What is the 4-row journal entry to record a cash-based sale? (1) dr. (to record the sale) Choose... (2) cr. (to record the sale) Choose... (3) dr. (to remove inventory) cr. Sales Revenue (4) cr. dr. Cash (to remove inventory) dr. Cost of Goods Sold cr. Merchandise Inventory Your company uses the Periodic Inve dr. Merchandise Inventory What is the journal entry when a cuscr. Cash purchased on dr. Accounts Receivable dr. Choose......
Your company uses the Periodic Inventory system. What is the journal entry to record returning merchandise inventory to your vendor that was bought on- account? dr. Choose... Cr. Choose... dr. Merchandise Inventory dr. Purchases Returns & Allowances Your comp What is the account? cr. Accounts Payable cr. Merchandise Inventory cr. Purchases Returns & Allowances ndise inventory to your vendor that was bought on- dr. dr. Accounts Payable Your company uses the Perpetual Inventory system. What is the journal entry to...
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