The business provided services to a cash customer to

  • Ashworth College
  • ACCT A01V
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Online Exam 5.......accounting

The business provided services to a cash customer To record this A an asset is from ACCT A01V at Ashworth College

Question 15   of 40 2.5 / 2.5 Points A debit to an asset account was posted to an expense account . This error would cause __________.
 A. liabilities to be overstated
 B. expenses to be overstated
 C. assets to be understated
 D. Both B and C are correct .
Answer:     D. Both B and C are correct .
Question 17   of 40 2.5 / 2.5 Points Given the following list of accounts with normal balances , what are the trial balance totals of the debits and credits ? Cash $ 1000 Equipment 500 Accounts Payable 350 Capital 900 Service Fees 1000 Salaries Expense 750 
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Question 18   of 40 0.0 / 2.5 Points Which of the following is prepared first ?
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Question 19   of 40 2.5 / 2.5 Points A credit to an asset account was posted to a liability account . This error would cause __________.
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Question 20   of 40 2.5 / 2.5 Points A debit to an asset account was posted to a liability account . This error would cause __________.
 A. assets to be understated
 B. liabilities to be overstated
 C. capital to be overstated
 D. None of the above answers are correct .
Question 21   of 40 2.5 / 2.5 Points Which of the following entries would record the payment of a utility bill ?
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Question 22   of 40 2.5 / 2.5 Points The posting reference column on the general journal __________.
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Question 16 of 402.5/ 2.5 PointsThe business provided services to a cash customer. To record this __________.
Question 17 of 402.5/ 2.5 PointsGiven the following list of accounts with normal balances, what are the trial balance totals of the debits and credits?Cash$1000Equipment500Accounts Payable350Capital900Service Fees1000Salaries Expense750
Question 18 of 400.0/ 2.5 PointsWhich of the following is prepared first?
Question 19 of 402.5/ 2.5 PointsA credit to an asset account was posted to a liability account. This error would cause __________.A. assets to be understatedB. liabilities to be overstatedC. capital to be understatedD. None of the above answers are correct.
Question 20 of 402.5/ 2.5 PointsA debit to an asset account was posted to a liability account. This error would cause __________.
Part 2 of 2 - Lesson 5 Questions45.0/ 50.0 PointsQuestion 21 of 402.5/ 2.5 PointsWhich of the following entries would record the payment of a utility bill?
Question 22 of 402.5/ 2.5 PointsThe posting reference column on the general journal __________.

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