Question 14 of 20 when an owner records a credit for

This preview shows page 4 - 6 out of 6 pages.

Question 14 of 20 When an owner records a credit for $650 for revenue earned but not yet received, the amount of the debit should be __________. A. $325 B. $0 C. $975 D. $650
Question 15 of 20 A category that is not in the chart of accounts is __________.
Question 16 of 20
9/29/2017 Ashworth College : A01.V.10.2 Introduction to Accounting : Tests & Quizzes 5.0/ 5.0 Points The business incurred an expense and paid it immediately. To record this __________.
5/6 5.0/ 5.0 Points Question 20 of 20 The ledger is __________.
5.0/ 5.0 Points Question 17 of 20 The beginning balance in Cash was $3,500. Additional cash of $2,000 was received. Checks were written totaling $2,500. The cash balance is __________.
5.0/ 5.0 Points Question 18 of 20 The left side of any account is the __________. A. debit side B. credit side C. ending balance D. footings
5.0/ 5.0 Points Question 19 of 20 An account that would be increased by a credit is __________.
9/29/2017 Ashworth College : A01.V.10.2 Introduction to Accounting : Tests & Quizzes 6/6 A. a group of accounts that records data from business transactions B. a tool used to make sure that all accounts have normal balances C. a chronological record of the day's transactions D. a tool used to ensure that debits equal credits Powered by Sakai Copyright 2003-2017 The Apereo Foundation. All rights reserved. Portions of Sakai are copyrighted by other parties as described in the Acknowledgments screen.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture