Question accounts are grouped in a book called the

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9. Question: Accounts are grouped in a book called the_______. Your Answer: trial balance chart of accounts journal ledger CORRECT Page 2 of 9 SHANNA HAWXHURST: Week 2 Quiz
Points Received: 1 of 1 10. Question: Transactions are first recorded in a(n)_______.
Points Received: 1 of 1 11. Question: All of the following are included in the journal entry for a transaction except_______.
Points Received: 1 of 1 12. Question: The entry to record the purchase of supplies for $200 on account would be_______. Page 3 of 9 SHANNA HAWXHURST: Week 2 Quiz
Points Received: 1 of 1 13. Question: The entry to record an owner investment of $400 of equipment into the business would be_______.
Points Received: 1 of 1 14. Question: The entry to record the return of $300 of supplies purchased on account would be_______.
Points Received: 1 of 1 15. Question: The entry to record the receipt of $650 on account for services previously rendered would be_______.
Points Received: 1 of 1 16. Question: A business purchases equipment for cash of $85,000. This transaction will cause_______.
Points Received: 1 of 1 17. Question: A business acquires equipment costing $10,000 by making a $2,000 down payment and issuing a note for the balance. This transaction will cause_______. 9/7/2008 ...
Points Received: 1 of 1

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