10. Service rendered on account is recorded by a: A. Debit to service revenue B. Credit to cash C. Debit to accounts receivable D. Credit to accounts payable 11. Payment of an accounts is recorded by a: A. Debit to accounts receivable B. Debit to accounts payable C. Credit to cash D. Both B and C are correct 12. When an amount is posted on the wrong side of the account: A. There is no error B. The amount off error is twice that of the amount posted C. The amount of error is exactly divisible by two D. Both B and C are correct

10. Service rendered on account is recorded by a: A. Debit to service revenue B. Credit to cash C. Debit to accounts receivable D. Credit to accounts payable 11. Payment of an accounts is recorded by a: A. Debit to accounts receivable B. Debit to accounts payable C. Credit to cash D. Both B and C are correct 12. When an amount is posted on the wrong side of the account: A. There is no error B. The amount off error is twice that of the amount posted C. The amount of error is exactly divisible by two D. Both B and C are correct

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 6EB: For the following accounts indicate whether the normal balance is a debit or a credit. A. Unearned...

See similar textbooks

Similar questions

Identify whether ongoing transactions posted to the following accounts would normally have only debit entries (Dr), only credit entries (Cr), or both debit and credit entries (both). Table 3.15
LO3 To debit an account is to enter an amount on the left side of the account.
Indicate how changes in the following types of accounts would be recorded (Dr for debit; Cr for credit). Table 3.18
Identify whether ongoing transactions posted to the following accounts would normally have only debit entries (Dr), only credit entries (Cr), or both debit and credit entries (both). Table 3.9
Which of the following accounts is increased by a debit? A. Common Stock B. Accounts Payable C. Supplies D. Service Revenue
Identify whether the following transactions would be recorded with a debit (Dr) or credit (Cr) entry. Indicate the normal balance of the account. Table 3.20
For the following accounts indicate whether the normal balance is a debit or a credit. A. Unearned Revenue B. Interest Expense C. Rent Expense D. Rent Revenue E. Accounts Payable F. Cash G. Supplies H. Accounts Payable I. Equipment J. Utilities Expense
What is the impact on the accounting equation when an accounts receivable is collected? A. both sides increase B. both sides decrease C. only the Asset side changes D. the total of neither side changes
Which of the following pairs of accounts are impacted the same with debits and credits? A. Cash and Unearned Service Revenue B. Electricity Expense and Office Supplies C. Accounts Receivable and Accounts Payable D. Buildings and Common Stock
Indicate how changes in these types of accounts would be recorded (Dr for debit; Cr for credit). Table 3.23
Determine the balance of the following T account: 94,100 debit 54,900 debit 133,300 credit 54,900 credit 133,300 debit
Which of these accounts commonly requires both debit and credit entries? A. Sales Revenue B. Utilities Expense C. Accounts Receivable D. Common Stock