Question 33 of 40 25 25 points the process that

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Question 33 of 40 2.5/ 2.5 Points The process that begins with recording business transactions and includes the completion of the financial statements is the __________. A. calendar year B. natural business year C. fiscal year D. accounting cycle
Question 34 of 40 2.5/ 2.5 Points
Business transactions are first recorded in the __________.
Question 35 of 40 2.5/ 2.5 Points A credit to a liability account was posted to an owner's equity account. This would cause __________.
Question 36 of 40 2.5/ 2.5 Points The twelve-month period a business chooses for its accounting period is a(n. __________.
Question 37 of 40 2.5/ 2.5 Points The journal entry to record a withdrawal by the owner would most commonly include __________.
A. a debit to Wage Expense and a credit to Cash B. a debit to Capital and a credit to Cash C. a debit to Withdrawals and a credit to Cash D. a debit to Cash and a credit to Wage Expense
Question 38 of 40 2.5/ 2.5 Points Which of the following entries records the acquisition of office supplies for cash?
Question 39 of 40 2.5/ 2.5 Points A debit to an expense account was posted to an asset account. This would cause __________.
Question 40 of 40 2.5/ 2.5 Points
The purpose of posting is to __________.

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