Points Received:1 of 142.Question: A $75 payment for rent expense was posted as a debit to salary expense and a credit to cash. This error will cause_______.
Points Received:1 of 143.Question: A $250 payment on account was recorded as a debit to accounts receivable and a credit to accounts payable. This error will cause_______.
CORRECTPoints Received:1 of 144.Question: $300 receipt of cash on account was recorded as a $500 debit to accounts payable and a $500 credit to cash. This error will cause_______.
Points Received:0 of 145.Question: Recording service revenue on account as a cash transaction will cause_______. Your Answer:accounts receivable to be overstated owner’s equity to be understatedcash to be overstatedCORRECTservice revenue to be understated
Points Received:1 of 146.Question: Recording salaries paid to employees as a debit to accounts receivable and a credit to cash will cause_______.
CORRECTPoints Received:1 of 147.Question: If the credit amount of an entry to record the purchase of supplies on account was not posted_______. Your Answer:assets would be overstatedassets would be understatedPage 8 of 9SHANNA HAWXHURST: Week 2 Quiz9/7/2008...