Question 25 of 40 25 25 points a journal entry

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Question 25 of 40 2.5/ 2.5 Points
A journal entry affecting three or more accounts is called a __________.
Question 26 of 40 2.5/ 2.5 Points Renzi's Volleyball Gym purchased equipment for $1,200. It made a down payment of $600 with the remainder on account. The journal entry to record this transaction is __________.
Question 27 of 40 0.0/ 2.5 Points Revenue is traditionally recognized in the accounting records when __________.
B. services are rendered C. it is incurred D. None of the above answers are correct. Question 28 of 40 2.5/ 2.5 Points The posting reference column in the ledger is __________. A. used to record the journal and page number the transactions originated B. used to record the ledger number C. used to record the date D. not used
Question 29 of 40 2.5/ 2.5 Points A debit to a liability account was posted to a revenue account. This would cause __________.
Question 30 of 40 2.5/ 2.5 Points Which of the following entries records the owner taking cash for personal use?
D. debit Withdrawals; credit Cash Question 31 of 40 2.5/ 2.5 Points A credit to an asset account was posted to a liability account. This would cause __________.
Question 32 of 40 2.5/ 2.5 Points Posting is performed by transferring information from the journal to the __________. A. ledger B. trial balance C. balance sheet D. income statement

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