Correct Answer 37000 Question 4 05 out of 05 points Which of the following

Correct answer 37000 question 4 05 out of 05 points

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Correct Answer: $37,000. Question 4 0.5 out of 0.5 points Which of the following statements is true about a journal entry? Selected Answer: All debits are listed before any credits. Correct Answer: All debits are listed before any credits. Question 5 0.5 out of 0.5 points Which of the following accounts probably would be listed after the others in a chart of accounts? Selected Answer: Art Fees Earned Correct Answer: Art Fees Earned Question 6 0.5 out of 0.5 points Which of the following accounts is increased with a debit?
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Selected Answer: Dividends Correct Answer: Dividends Question 7 0.5 out of 0.5 points A $4,000 machine is purchased by paying $1,000 cash and issuing a promissory note for the remainder. The journal entry should include a Selected Answer: credit to Notes Payable. Correct Answer: credit to Notes Payable. Question 8 0.5 out of 0.5 points All of the following actions can help a business manage its cash flows except Selected Answer: pay for all expenditures immediately. Correct Answer: pay for all expenditures immediately. Question 9 0.5 out of 0.5 points Which of the following accounts is classified differently from the others listed? Selected Answer: Fees Earned Correct Answer: Fees Earned Question 10 0.5 out of 0.5 points If Accounts Receivable has debit postings of $29,000, credit postings of $22,000, and a normal ending balance of $24,000, which of the following was its beginning balance? Selected Answer: $17,000 Dr. Correct Answer: $17,000 Dr. Question 11 0.5 out of 0.5 points Which of the following accounts is decreased with a debit? Selected Answer: Notes Payable Correct Answer: Notes Payable Question 12 0.5 out of 0.5 points The Office Supplies account is classified as a(n) Selected Answer: asset. Correct Answer: asset. Question 13 0.5 out of 0.5 points
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Which of the following errors will cause a trial balance to be out of balance? Selected Answer: A credit was posted to an account as a debit. Correct Answer: A credit was posted to an account as a debit. Question 14 0 out of 0.5 points Which of the following is not a measurement issue in accounting? Selected Answer: How to classify the items of a business transaction Correct Answer: Where to record a business transaction Question 15 0.5 out of 0.5 points When a magazine company receives advance payment for a subscription, it Selected Answer: debits Cash and credits Unearned Subscriptions Revenue. Correct Answer: debits Cash and credits Unearned Subscriptions Revenue. Question 16 0.5 out of 0.5 points For which of the following accounts would a related Accumulated Depreciation account be recorded? Selected Answer: Office Equipment Correct Answer: Office Equipment Question 17 0.5 out of 0.5 points Which of the following accounts is an asset? Selected Answer: Prepaid Rent Correct Answer: Prepaid Rent Question 18 0.5 out of 0.5 points Payment on a portion of Accounts Payable will Selected Answer: not affect stockholders' equity. Correct Answer: not affect stockholders' equity. Question 19 0.5 out of 0.5 points Which of the following errors will not cause the debit and credit columns of the trial balance to be unequal?
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