Quiz week 2 - 0.0 10.0 Points Question 1 of 10 The trial balance would automatically reveal the following error Land was purchased for cash but instead

Quiz week 2 - 0.0 10.0 Points Question 1 of 10 The trial...

This preview shows page 1 - 3 out of 4 pages.

Question 1 of 10The trial balance would automatically reveal the following error: Land was purchased for cash but insteadof crediting cash, the credit was made to Accounts Receivable. 0.0/ 10.0 Points A. TrueB. FalseAnswer Key: False Question 2 of 10A company returned for credit a portion of the office supplies purchased previously for future use on credit. What entry is required? 0.0/ 10.0 Points Question 3 of 10The Office Equipment account normally has a credit balance. 10.0/ 10.0 Points
Image of page 1
Question 4 of 10A journal aids in the division of labor by allowing one person to journalize entries while another individual may post these entries. 10.0/ 10.0 Points
Image of page 2
Image of page 3

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture