Ch 6 quiz

Ch 6 quiz - ECAMP PRINCIPLES OF ACCOUNTING I ACT-2291-XTIA...

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ECAMP PRINCIPLES OF ACCOUNTING I ACT-2291-XTIA 09/T5 (DANIEL) (ECAMP-ACT2291XTIA-09T5) > TOOLS > MY GRADES > VIEW ATTEMPTS > REVIEW ASSESSMENT: REAL QUIZ FOR CHAPTER 6
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Review Assessment: REAL QUIZ FOR CHAPTER 6 Janice Thomas 6/26/09 7:30 PM REAL QUIZ FOR CHAPTER 6 Completed 64 out of 100 points 0 hours, 52 minutes, and 53 seconds out of 1 hours and 0 minutes allow Questio n 1 4 out of 4 points Merchandise with a sales price of $800 is sold on account with term 2/10, n/30. The journal entry to record the sale would include a Selected Answer: Correct Answer: Questio n 2 4 out of 4 points When the perpetual inventory system is used, the inventory sold is shown on the income statement as Selected Answer: Correct Answer: Questio n 3 4 out of 4 points The entry to record the return of merchandise from a customer would include a
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Questio n 3 4 out of 4 points Selected Answer: Correct Answer: Questio n 4 0 out of 4 points Which of the following accounts has a normal debit balance? Selected Answer: Correct Answer: Questio n 5 4 out of 4 points Merchandise is ordered on June 13; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed by the seller on June 16; the merchandise is received by the
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This note was uploaded on 10/25/2010 for the course ACT 2291 taught by Professor Leedaniel during the Summer '09 term at Troy.

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Ch 6 quiz - ECAMP PRINCIPLES OF ACCOUNTING I ACT-2291-XTIA...

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