quiz 3 - Quiz 3 92% missed 2 1.

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Quiz 3 92% missed 2 1. Which of the following describes the classification and normal balance of the  Retained Earnings account? B. Stockholders’ equity, credit 2. Which of the following describes the classification and normal balance of the  Unearned Revenue Account? B. Liability, credit 3. When a company receives its electric utility bill for $1,400 on May 4 but does  not pay the bill until May 24, the company debits which account for 1,400 on May  4th? D. Utilities Payable 4. In PROBLEM 3-4B, one of the April 30 journal entries credited $________ to  Revenue for cash received for services provided. C. 7,900 5. Assets normally show B. debit balances. 6. In  BRIEF EXERCISE 3-11 the total credits and total debits shown in the trial Balance is _______ : A. 29,600 7. In Problem 3-5B, the T-Account Balance for Cash after all journal Entries are Posted  is: C. 54,300 8. A debit to an asset account indicates a(n)
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This note was uploaded on 07/16/2010 for the course ACCT 2302 taught by Professor Dr.winking during the Spring '10 term at Tulane.

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quiz 3 - Quiz 3 92% missed 2 1.

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