1. When posting from a journal to a ledger: A. The date column of the journal...
1. When posting from a journal to a ledger:
A. The date column of the journal contains the date it was posted
B. The date column of the ledger contains the date it was posted
C. The post reference column of the journal contains the account number from the ledger
D. The post reference column of the ledger contains the account number from the journal
2. Deferred Expenses have
A. Not yet been recorded as expenses or paid
B. Been recorded as expenses and paid
C. Been incurred and paid
D. Not yet been recorded as expenses
Homework Answers
|
1. Option D is the answer The post reference colum of the ledger contains the same acc No from that of journal |
|
|
2. Option D is the answer Deferred revenues are those expenses which have not yet been recorded as expenses |
|
Add Answer to:
1. When posting from a journal to a ledger:
A. The date column of the journal...
39. The Posting Reference column of the journal provides a cross-reference between the a ledger and...
39. The Posting Reference column of the journal provides a cross-reference between the a ledger and accounts. b. journal and ledger. c. ledger and financial statements. d journal and financial statements. 40. If cash is paid for office rent, the transaction includes 2. debiting Rent Expense and crediting Cash. b. debiting Rent Expense and crediting Accounts Payable. c. debiting Rent Expense and crediting Capital. d. debiting Cash and crediting Rent Expense. 41. Tom Edwards opened an auto repair business on...
Which of the following is true concerning posting? Select one: a. The date of the transaction...
Which of the following is true concerning posting? Select one: a. The date of the transaction should be written in the account’s Date column. b. The page number of the journal should be written in the Post. Ref. column of the ledger account. c. The amount of the transaction should be recorded in either the debit or credit column. d. The ledger account number should be recorded in the Post. Ref. column of the journal. e. All of the answers...
Instructions Chart of Accounts Journal Ledger Unadjusted Trial Balance Final Question Instructions On November 1, 20Y9,...
Instructions Chart of Accounts Journal Ledger Unadjusted Trial Balance Final Question Instructions On November 1, 20Y9, Lexi Martin established an interior decorating business, Heritage Designs. During the month, Lexi completed the following transactions related to the Nov. 1 Lexi transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $50,000 1 Paid rent for period of November 1 to end of month, $4,000. 6 Purchased office equipment on account,...
Multiple Choice Question 86 Which of the following is not a true statement about the daily posting of the sales journal...
Multiple Choice Question 86 Which of the following is not a true statement about the daily posting of the sales journal? O The invoice number supporting the sales transaction is posted to the reference column in the subsidiary ledger. The reference column in the sales journal is checked when the posting is complete for each entry in the journal. O There is no credit posting. O There is a debit posting to accounts in the accounts receivable subsidiary ledger.
On June 1, 2019, Kris Storey established an interior decorating business, Eco-Centric Designs. During the month,...
On June 1, 2019, Kris Storey established an interior decorating business, Eco-Centric Designs. During the month, Kris completed the following transactions related to the business: June 1 Kris transferred cash from a personal bank account to an account to be used for the business, $35,000. 1 Paid rent for period of June 1 to end of month, $4,750. 6 Purchased office equipment on account, $14,100. 8 Purchased a van for $28,500 paying $4,500 cash and giving a note payable for...
Answer #4 only please Required: 1. Journalize each transaction in a two-column journal beginning on Page...
Answer #4 only
please
Required: 1. Journalize each transaction in a two-column journal beginning on Page 1, referring to the chart of accounts in selecting the accounts to be debited and credited. (Do not insert the post reference numbers until you have posted the entry to the general ledger in part 2.) Post (in chronological order) the journal to a ledger of four-column accounts, inserting appropriate posting references in both the journal and the ledger as each item is posted....
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...
The posting references in the following revenue journal are indicated by letters. Identify each posting reference...
The posting references in the following revenue journal are indicated by letters. Identify each posting reference [(a) through (h)] as representing (1) a posting to a general ledger account, (2) a posting to a subsidiary ledger account, or (3) that no posting is required. REVENUE JOURNAL Page 25 Date Invoice No. Account Debited Post Ref. Apr. 3 190 (a) Hill Company North Supply 8 191 (b) 13 192 Macon Inc. (c) (d) Acct. Rec. Dr. Fees Earned Cr. 4,750 5,025...
i need help filling out a ledger and unadjusted trial balance. On June 1, 2019, Kris...
i need help filling out a ledger and unadjusted trial
balance.
On June 1, 2019, Kris Storey established an interior decorating business. Eco-Centric Designs. During the month, Kris completed the folowing transactions related to the business: June Kris transferred cash from a personal bank account to an account to be used for the business, $26,350. Paid rent for period of June 1 to end of month, $4,000 Purchased office equipment on account, $12,700. Purchased a van for $32,150 paying $6.900...
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...
39. The Posting Reference column of the journal provides a cross-reference between the a ledger and accounts. b. journal and ledger. c. ledger and financial statements. d journal and financial statements. 40. If cash is paid for office rent, the transaction includes 2. debiting Rent Expense and crediting Cash. b. debiting Rent Expense and crediting Accounts Payable. c. debiting Rent Expense and crediting Capital. d. debiting Cash and crediting Rent Expense. 41. Tom Edwards opened an auto repair business on...
Instructions Chart of Accounts Journal Ledger Unadjusted Trial Balance Final Question Instructions On November 1, 20Y9, Lexi Martin established an interior decorating business, Heritage Designs. During the month, Lexi completed the following transactions related to the Nov. 1 Lexi transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $50,000 1 Paid rent for period of November 1 to end of month, $4,000. 6 Purchased office equipment on account,...
Multiple Choice Question 86 Which of the following is not a true statement about the daily posting of the sales journal? O The invoice number supporting the sales transaction is posted to the reference column in the subsidiary ledger. The reference column in the sales journal is checked when the posting is complete for each entry in the journal. O There is no credit posting. O There is a debit posting to accounts in the accounts receivable subsidiary ledger.
Answer #4 only
please
Required: 1. Journalize each transaction in a two-column journal beginning on Page 1, referring to the chart of accounts in selecting the accounts to be debited and credited. (Do not insert the post reference numbers until you have posted the entry to the general ledger in part 2.) Post (in chronological order) the journal to a ledger of four-column accounts, inserting appropriate posting references in both the journal and the ledger as each item is posted....
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...
The posting references in the following revenue journal are indicated by letters. Identify each posting reference [(a) through (h)] as representing (1) a posting to a general ledger account, (2) a posting to a subsidiary ledger account, or (3) that no posting is required. REVENUE JOURNAL Page 25 Date Invoice No. Account Debited Post Ref. Apr. 3 190 (a) Hill Company North Supply 8 191 (b) 13 192 Macon Inc. (c) (d) Acct. Rec. Dr. Fees Earned Cr. 4,750 5,025...
i need help filling out a ledger and unadjusted trial
balance.
On June 1, 2019, Kris Storey established an interior decorating business. Eco-Centric Designs. During the month, Kris completed the folowing transactions related to the business: June Kris transferred cash from a personal bank account to an account to be used for the business, $26,350. Paid rent for period of June 1 to end of month, $4,000 Purchased office equipment on account, $12,700. Purchased a van for $32,150 paying $6.900...
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...
Most questions answered within 3 hours.
-
Look at sample problem 19.6 in the 8th ed Silberberg book.
Enter your answers in scientific...
asked 17 minutes ago -
A long straight wire carries a current of 5.00 A at a distance r from the...
asked 18 minutes ago -
A 125
g baseball is thrown at a speed of 127ft/sec at a batter, the ball...
asked 23 minutes ago -
If you have an eta squared of .34 and used a
between-subjects design, what does that...
asked 31 minutes ago -
*Healthcare Adminstration*
Scutchfield and Keck's Principles of Public Health Practice
4th edition
What are the differences...
asked 35 minutes ago -
Find the complete optimal solution to this linear programming
problem. Max 5x + 3y s.t. 2x...
asked 1 hour ago -
The pH of an acetate buffer was determined to be 4.76. Then, a
few drops of...
asked 1 hour ago -
a sample of size 1500 is used to find a confidence
interval for the percentage of...
asked 1 hour ago -
Explain in detail the differences between qualitative and
quantitative forecasts. Include at least two examples of...
asked 1 hour ago -
Differentiate between response time and throughput.
Explain how the physical design of a database influences
performance...
asked 1 hour ago -
Write MATLAB code to plot the following
waveforms.
Rectangular pulses:
????(?)
????(? − ?)
????(?/?) ...
asked 1 hour ago -
4. Adam’s Inc.’s outstanding common stock is currently selling
in the market for $28. Dividends of...
asked 1 hour ago