An adjusting journal entry b A closing journal entry c A compound journal entry

An adjusting journal entry b a closing journal entry

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An adjusting journal entry b. A closing journal entry c. A compound journal entry d. A complex journal entry
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©Cambridge Business Publishers, 2017 Quiz 2-2Financial Accounting for Undergraduates, 3rdEdition5.Which of the following statements istrueregarding the general ledger? 6. On December 1, the owners of Smith & Sons invested $10,000 cash in the business in exchange for shares of common stock. What is the correct journal entry? Account Name Debit Credit 7.Which of the following transactions does not affect the balance sheet totals? 8. Smith & Sons borrowed $1,000 from Bank of America. This journal entry would involve a credit entry to which of the following accounts: a. Cash b. Accounts receivable c. Notes payable d. Current liabilities
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©Cambridge Business Publishers, 2017 Quiz 2-3Financial Accounting for Undergraduates, 3rdEdition9. Smith & Sons purchased supplies on account. This transaction will affect:
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  • Balance Sheet, Generally Accepted Accounting Principles, Double-entry bookkeeping system, Smith & Sons

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