A debit to a liability account was posted to the

This preview shows page 6 - 9 out of 14 pages.

Question 17 of 402.5/ 2.5 PointsA debit to a liability account was posted to the capital account. This error would cause __________.A. assets to be overstatedB. liabilities to be overstatedC. capital to be overstatedD. None of the above answers are correct.
Question 18 of 402.5/ 2.5 PointsA credit to a liability account was posted to an expense account. This error would cause __________.
Question 19 of 402.5/ 2.5 PointsA list of all the accounts from the ledger with their ending balances is called a __________.
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 Questions47.5/ 50.0 PointsQuestion 21 of 402.5/ 2.5 PointsDuring the month of January, Katelyn invested $11,000 in starting her legal practice. The properjournal entry would be __________.A. Cash, debit $11,000; Katelyn's Capital, credit $11,000B. Accounts Payable, debit $11,000; Cash, credit $11,000
C. Cash, debit $11,000; Revenue, credit $11,000D. Katelyn's Capital, debit $11,000; Cash, credit $11,000
Question 22 of 402.5/ 2.5 PointsA debit to the capital account was posted to a revenue account. This would cause __________.
Question 23 of 402.5/ 2.5 PointsA debit to a liability account was posted to an expense account. This would cause __________.
Question 24 of 402.5/ 2.5 PointsWhich of the following entries would record the payment of a utility bill?

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture