Business
Business, 06.10.2019 18:40, carriboneman

The first step in posting either a debit or a credit entry from the journal to the ledger is to transfer the
a. amount.
c. account number.
b. explanation.
d. date.

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Предмет
Business, 20.06.2019 18:02, tcapele252
First, add accounts payable—j. c. hollings and accounts payable—craft bank from the transactions prepared in exam figure 2 to the chart of accounts in exam figure 1. next, open all ledger accounts using the form in exam figure 3. then, post the journal entries from exam figure 2 to the ledger accounts and balance each ledger account. be sure to post the balance of each account (from page 13 of the exam) before you post the transactions you just journalized. 12. after posting the journal entries to the ledger, what is the balance of the cash account? a. debit $4,056.82 b. credit $3,013.90 c. credit $1,042.92 d. debit $3,013.90 13. after posting the journal entries to the ledger, what is the balance of the equipment—store account? a. debit $4,500 b. credit $1,500 c. debit $8,000 d. credit $4,500 14. on may 3, what is the balance of the equipment—office account? a. debit $5,090 b. debit $690 c. debit $4,400 d. credit $5,090 15. what is the balance of the accounts payable—bellhaven bank account? a. debit $1,000 b. debit $4,000 c. credit $5,000 d. credit $4,000 16. after posting the journal entries to the ledger, what is the balance of the supplies account? a. debit $500 b. debit $542.92 c. 0 d. credit $542.92 17. after posting the journal entries to the ledger, what is the balance of the accounts payable—craft bank account? a. 0 b. credit $3,500 c. debit $3,500 d. credit 0 18. after posting the journal entries to the ledger, the opening balance of the p. woodsley—capital account was a. increased. b. decreased. c. unchanged. d. deleted. 19. what entry do you make in the post ref. column of the ledger to show that you posted the transactions from the journal? a. 1 b. j1 c. leave it blank d. 11 20. asset accounts are increased by a. entries to the debit side of the account. b. crediting a liability account. c. entries to the right side of the account. d. adding a credit entry to the account’s normal balance.
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Предмет
SAT, 07.07.2019 08:00, richtercatrina16
The first and most important step in the posting procedure is a. posting the amount. b. posting the date. c. posting the explanation. d. recording the posting reference information. info for # 9 the following activity for j. c. breneman management services took place on june 1, 20—. record these transactions on the journal form provided on the next page. received $3,290 in cash from the owner as an investment (receipt no. 1). borrowed $900 cash from inland bank for business expenses (memo 1). paid cash for supplies, $290 (check no. 1). paid cash for insurance, $1,000 (check no. 2). paid cash for equipment, $2,100 (memo 2). #9. the amounts that increase the cash account are entered in a. the debit column. b. the credit column. c. both debit and credit columns. d. either debits or credit columns. use the following information to answer questions 11–20. using the form below, prepare a chart of accounts for j. c. breneman management services. then post the journal entries from the general journal on page 7 to the ledger accounts provided on the following pages. division 1 division 2 division 3 1. assets j. c. breneman management services chart of accounts asset accounts liability accounts owner's equity accounts 2. liabilities 11-19 21-29 31-39 3. owner's equity account cash account no. 11 date item p.r. debit date item p.r. credit 11. what is the first account number used in the breneman management service chart of accounts? a. 1 c. 11 b. 21 d. 10 13. what is the account title used for owner’s equity? a. j.c.breneman,capital b. j.c.breneman,owner c. breneman management service, capital d. capital c. 2 d. 02 14. the account number 13 tells you that the account a. is the 13th account in the ledger. b. is the first account in the third division. c. is the third account in the first division. d. was posted on the 13th day of the month. 18. the first step in posting either a debit or a credit entry from the journal to the ledger is to transfer the a. amount. c. account number. b. explanation. d. date. 19. after posting the entries from the journal, the breneman management service ledger should have at least one debit entry in how many accounts? a. 4 c. 6 b. 5 d. 9 20. after posting the entries from the journal, the breneman management service ledger should have at least one credit entry in how many accounts? a. 2 c. 4 b. 3 d. 5
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