Question 33 of 40 25 25 points the twelve month

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Question 33 of 40 2.5/ 2.5 Points The twelve-month period a business chooses for its accounting period is a(n. __________. A. calendar year B. accounting period C. fiscal year D. accounting cycle
Question 34 of 40 2.5/ 2.5 Points The entry to record the payment of office salaries would be __________.
Question 35 of 40 0.0/ 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 general journal __________.
Question 37 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 38 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 39 of 40 2.5/ 2.5 Points
Revenue is traditionally recognized in the accounting records when __________.
Question 40 of 40 2.5/ 2.5 Points Which of the following entries records the owner taking cash for personal use?

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