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18 questions
Bob's Burgers received $100 for sale of burgers. What is the journal entry?
Debit Cash $100, Credit Sales Revenue $100
Debit Sales Revenue $100, Credit Cash $100
Debit Accounts Receivable $100, Credit Sales Revenue $100
Debit Sales Revenue $100, Credit Accounts Receivable
Paid rent for 3 months $1800, what is the journal entry? Select all that apply.
Debit Cash $1800, Credit Prepaid Rent $1800
Debit Prepaid Rent $1800, Credit Cash $1800
Debit Rent Expense $1800, Credit Cash $1800
Debit Prepaid Rent Expense$1800, Credit Cash $1800
What kind of account is unearned revenue?
Liability
Revenue
Asset
Expense
Collected $550 from TMNT Inc. for last month's services. What is the journal entry? Select all that apply.
Debit Accounts Receivable $550, Credit Cash $550
Debit Accounts Receivable $550, Credit Service Revenue $550
Debit Cash $550, Credit Accounts Receivable $550
Debit Accounts Payable $550, Credit Cash $550
What informal chart can you use to quickly check the balance of a single account?
T- Accounts
Trial Balance
Balance Sheet
General Ledger
What official paper is used to show the balance of a single account after journal entries?
General Ledger
T- Accounts
Balance Sheet
Trial Balance
Channing sold sold 40 DVDs for $20 each. He received $300 cash and sold the rest on account. Complete the journal entry. Select all that apply.
Debit Cash $300, Debit Accounts Receivable $500 , Credit Sales Revenue $800
Debit Cash $300, Credit Sales Revenue $300
Debit Accounts Receivable $500, Credit Sales Revenue $800
Debit Accounts Payable $500 , Debit Cash $300, Credit Sales Revenue $800
Debit Cash $20, Credit Sales Revenue $20
The first digit in the account number 120 means that the account is in the
expense division of the general ledger.
revenue division of the general ledger.
liability division of the general ledger.
asset division of the general ledger.
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