unit 3 - Your Answer Points Received 0 of 2 4 Question...

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Autograde Summary Date Taken: 11/2/2010 6:10:01 PM Time Spent: 0:47:46 (2:00 allowed) Points Received: 12 / 20 (60%) These are the automatically computed results of your exam. Grades for essay questions, and comments from your instructor, are in the "Details" section below. Question Type: # Questions: # Correct: Multiple choice 10 6 Grade Details 1. Question: Which of the following entries records the withdrawal of cash by Sue Martin, owner of a proprietorship, for personal use? Your Answer: debit Sue Martin, Capital; credit Cash debit Sue Martin, Drawing; credit Cash CORRECT debit Salaries Expense; credit Cash debit Salaries Expense; credit Salaries Payable Points Received: 2 of 2 2. Question:
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The payment for the monthly rent will require the following entry Your Answer: Points Received: 2 of 2 3. Question: Which of the following is not a short-cut in finding errors on the trial balance?
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Unformatted text preview: Your Answer: Points Received: 0 of 2 4. Question: Which of the following errors will cause the trial balance totals to be unequal? Your Answer: Points Received: 2 of 2 5. Question: Which of the following is true regarding normal balances of accounts? Your Answer: Points Received: 0 of 2 6. Question: April 23 Cash 14,000 Jim Xu, Capital 14,000 Invest cash in Xu Co. The journal entry will: Your Answer: Points Received: 2 of 2 7. Question: The balance of the account is determined by Your Answer: Points Received: 2 of 2 8. Question: All of the following occur with a double-entry accounting system except: Your Answer: Points Received: 0 of 2 9. Question: A debit signifies a decrease in Your Answer: Points Received: 0 of 2 10. Question: A credit may signify a Your Answer: Points Received: 2 of 2...
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This note was uploaded on 01/28/2011 for the course AC 114 taught by Professor Irynaoreshkova during the Spring '10 term at Kaplan University.

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unit 3 - Your Answer Points Received 0 of 2 4 Question...

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