ch.10 act jeopardy - Recording Liabilities Bond Terms Bond...

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Recording  Liabilities Other  Terms Review  Potpourri $ 100 $ 100 $ 100 $ 200 $ 200 $ 200 $ 300 $ 300 $ 300 $ 400 $ 400 $ 400 $ 500 Bond  Trans-x $ 400 $ 100 $ 200 $ 300 $ 500 Bond  Terms $ 100 $ 200 $ 300 $ 400 $ 500 $ 500 $ 500
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Recording Liabilities - $100 The category of liabilities used to report  expenses that have been incurred but not paid  at the end of the accounting period. What are Accrued Liabilities? Back to Board
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Recording Liabilities - $200 Short-term obligations that will be paid with  current assets within the current operating cycle  or one year, whichever is longer. What are Current Liabilities? Back to Board
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Recording Liabilities - $300 Accounts affected when a retail company,, sells a  $100 microwave to a customer for cash plus a 5%  sales tax. Ignore cost of goods . What are Cash (dr) $105, Sales Revenue (cr)  $100, and Sales Taxes Payable $5 (cr)? Back to Board
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Accounts affected when an employee earns  $500 and is paid her net wages in cash. The  employee has income taxes $70 and FICA taxes  withheld $40. What are Wages Expense Dr. $500, Cash Cr.  $390, Withheld Income Taxes Payable Cr. $70,  and FICA Taxes Payable Cr. $40? Back to Board
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This note was uploaded on 01/19/2011 for the course ACC 2013 taught by Professor Noe during the Spring '08 term at The University of Texas at San Antonio- San Antonio.

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ch.10 act jeopardy - Recording Liabilities Bond Terms Bond...

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