Homework Answers
Answer: Option 1
| Salaries and Wages Expense | $ 480 | |
| Advertising Expense | $ 840 | |
| Cash | $ 1,320 |
Remaining options are incorrect because entry are posted on wrong side of journal or wrong amount.
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Multiple Choice Question 176 Which of the following journal entries is recorded correctly and in the...
Which of the following journal entries is recorded correctly and in the basic format? 640 Salaries...
Which of the following journal entries is recorded correctly and in the basic format? 640 Salaries and Wages Expense Cash Advertising Expense 1740 1100 1740 Cash Salaries and Wages Expense Advertising Expense 640 1100 Salaries and Wages Expense Advertising Expense Cash 640 1100 1740 Salaries and Wages Expense Advertising Expense Cash 640 1100 1840
Which of the following journal entries is recorded correctly and in the basic format? 620 Salaries...
Which of the following journal entries is recorded correctly and in the basic format? 620 Salaries and Wages Expense Advertising Expense Cash 1060 1680 620 Salaries and Wages Expense Advertising Expense Cash 1060 1780 620 Salaries and Wages Expense Cash Advertising Expense 1680 1060 1680 Cash Salaries and Wages Expense Advertising Expense 620 1060
Which of the following journal entries is correct when a business entity pays cash for advertising...
Which of the following journal entries is correct when a business entity pays cash for advertising to be used next year? Multiple Choice Cash xxx Advertising expense xxx Advertising expense xxx Cash xxx Cash xxx Prepaid advertising expense xxx Prepaid advertising expense xxx Cash xxx
which of the following journal entries is recorded correctly and in the standard firmat? Sun, Feb...
which of the following journal entries is recorded correctly and in
the standard firmat?
Sun, Feb 9, 2020, Question 13 View Policies Current Attempt in Progress Which of the following statements is false? oport Revenues have normal credit balances. Revenues are increased by debits. Revenues are a positive factor in the computation of net income. Revenues increase stockholders' equity. Save for Later Synced Sun, Feb 9. 2020, 3:39:43P - Previous to search DELL
Which of the following journal entries would be used to record direct labor costs in a...
Which of the following journal entries would be used to record direct labor costs in a company having two processing departments (Department A and Department B)? Multiple Choice Work in Process-Department XXX A Work in Process-Department XXX B Salaries and Wages Payable XXX Salaries and Wages Expense XXX Salaries and Wages Payable XXX xxx Work in Process Salaries and Wages Payable XXX Salaries and Wages Payable xxx Work in Process XXX We were unable to transcribe this image
Which of the following costs should not be recorded as an expense? Multiple Choice Ο Product...
Which of the following costs should not be recorded as an expense? Multiple Choice Ο Product shipping costs Ο Product advertising Ο Sales commissions Ο Insurance on factory building
Question No. (9) (1 minute): Maso Company recorded journal entries for the following: Issuance of ordinary...
Question No. (9) (1 minute): Maso Company recorded journal entries for the following: Issuance of ordinary shares for $40,000 cash • Payment cash of $13,000 to the accounts payable • Payment of salaries expense cash of $21,000 • Providing services of $8,000 on account · Collection cash of $7,000 from the Accounts Receivable What NET effect do these entries have on Equity? Show your calculations
Which of the following is not a characteristic of adjusting entries? Multiple Choice Allow for proper...
Which of the following is not a characteristic of adjusting entries? Multiple Choice Allow for proper recognition of revenues and expenses. Are recorded at the end of the accounting period. О O Reduce the balances of revenue, expense, and dividend accounts to zero. Are part of accrual-basis accounting.
General Ledger questions contain multiple tabs. Journal entries are recorded on which tab?
General Ledger questions contain multiple tabs. Journal entries are recorded on which tab?
Multiple Choice Question 66 A company uses a sales journal, cash receipts journal, purchases journal, cash...
Multiple Choice Question 66 A company uses a sales journal, cash receipts journal, purchases journal, cash payments journal, and a general journal. A cash sales return would be recorded in the general journal. O sales journal. O cash receipts journal. O cash payments journal. -
Which of the following journal entries is recorded correctly and in the basic format? 640 Salaries and Wages Expense Cash Advertising Expense 1740 1100 1740 Cash Salaries and Wages Expense Advertising Expense 640 1100 Salaries and Wages Expense Advertising Expense Cash 640 1100 1740 Salaries and Wages Expense Advertising Expense Cash 640 1100 1840
Which of the following journal entries is recorded correctly and in the basic format? 620 Salaries and Wages Expense Advertising Expense Cash 1060 1680 620 Salaries and Wages Expense Advertising Expense Cash 1060 1780 620 Salaries and Wages Expense Cash Advertising Expense 1680 1060 1680 Cash Salaries and Wages Expense Advertising Expense 620 1060
which of the following journal entries is recorded correctly and in
the standard firmat?
Sun, Feb 9, 2020, Question 13 View Policies Current Attempt in Progress Which of the following statements is false? oport Revenues have normal credit balances. Revenues are increased by debits. Revenues are a positive factor in the computation of net income. Revenues increase stockholders' equity. Save for Later Synced Sun, Feb 9. 2020, 3:39:43P - Previous to search DELL
Which of the following journal entries would be used to record direct labor costs in a company having two processing departments (Department A and Department B)? Multiple Choice Work in Process-Department XXX A Work in Process-Department XXX B Salaries and Wages Payable XXX Salaries and Wages Expense XXX Salaries and Wages Payable XXX xxx Work in Process Salaries and Wages Payable XXX Salaries and Wages Payable xxx Work in Process XXX We were unable to transcribe this image
Which of the following costs should not be recorded as an expense? Multiple Choice Ο Product shipping costs Ο Product advertising Ο Sales commissions Ο Insurance on factory building
Question No. (9) (1 minute): Maso Company recorded journal entries for the following: Issuance of ordinary shares for $40,000 cash • Payment cash of $13,000 to the accounts payable • Payment of salaries expense cash of $21,000 • Providing services of $8,000 on account · Collection cash of $7,000 from the Accounts Receivable What NET effect do these entries have on Equity? Show your calculations
Which of the following is not a characteristic of adjusting entries? Multiple Choice Allow for proper recognition of revenues and expenses. Are recorded at the end of the accounting period. О O Reduce the balances of revenue, expense, and dividend accounts to zero. Are part of accrual-basis accounting.
General Ledger questions contain multiple tabs. Journal entries are recorded on which tab?
Multiple Choice Question 66 A company uses a sales journal, cash receipts journal, purchases journal, cash payments journal, and a general journal. A cash sales return would be recorded in the general journal. O sales journal. O cash receipts journal. O cash payments journal. -
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