Midterm

Midterm - 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: MID - TERM EXAM
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Review Assessment: MID - TERM EXAM 6/28/09 9:45 PM MID - TERM EXAM Completed 93 out of 99 points 0 hours, 55 minutes, and 15 seconds out of 1 hours and 15 minutes allow Question 1 3 out of 3 points March 6 Cash 375 Unearned Fees 375 ???????????? Selected Answer: Correct Answer: Questio n 2 3 out of 3 points The type of account and normal balance of Unearned Rent is
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Questio n 2 3 out of 3 points Selected Answer: Correct Answer: Questio n 3 3 out of 3 points The following adjusting journal entry was found on page 4 of the journal. Select the best explanation for the entry. Supplies Expense Supplies ???????????????? Selected Answer: Correct Answer: Questio n 4 0 out of 3 points Joshua Scott invests $65,000 into his new business. How would the journal entry for this transaction be entered in the journal? Selected Answer: Correct Answer:
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n 5 3 out of 3 points Which statement(s) concerning cash is (are) true? Selected Answer: Correct Answer: Questio n 6 3 out of 3 points Prepaid advertising, representing payment for the next quarter, would be reported on the balance sheet as a(n) Selected Answer: Correct Answer: Questio n 7 3 out of 3 points The following adjusting journal entry was found on page 4 of the journal. Select the best explanation for the entry. Wages Expense Wages Payable ???????????????? Selected Answer:
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This note was uploaded on 06/20/2011 for the course ACT 2291 taught by Professor Leedaniel during the Summer '09 term at Troy.

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Midterm - ECAMP PRINCIPLES OF ACCOUNTING I ACT-2291-XTIA...

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