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Question 33 of 402.5/ 2.5 PointsThe process that begins with recording business transactions and includes the completion of the financial statements is the __________.A. calendar yearB. natural business yearC. fiscal yearD. accounting cycleQuestion 34 of 402.5/ 2.5 Points
Business transactions are first recorded in the __________.Question 35 of 402.5/ 2.5 PointsA credit to a liability account was posted to an owner's equity account. This would cause __________.Question 36 of 402.5/ 2.5 PointsThe twelve-month period a business chooses for its accounting period is a(n. __________.Question 37 of 402.5/ 2.5 PointsThe journal entry to record a withdrawal by the owner would most commonly include __________.
A. a debit to Wage Expense and a credit to CashB. a debit to Capital and a credit to CashC. a debit to Withdrawals and a credit to CashD. a debit to Cash and a credit to Wage ExpenseQuestion 38 of 402.5/ 2.5 PointsWhich of the following entries records the acquisition of office supplies for cash?Question 39 of 402.5/ 2.5 PointsA debit to an expense account was posted to an asset account. This would cause __________.Question 40 of 402.5/ 2.5 Points