FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY—25%   INSTRUCTIONS: Complete each of the following statements by writing the appropriate words in the Answers column.   For Scoring STATEMENTS  Answers 0.              The journal in which invoices for services provided are recorded is the revenue journal 1.              The ledger which contains all of the financial statement accounts is called the 2.              Each transaction in the cash receipts journal will have an amountentered in the debit column entitled 3.              Each subsidiary ledger is represented by a summarized account in thegeneral ledger, called a(n) 4.              The accounts in the accounts payable ledger have a normal balance of(debit or credit) 5.            E-commerce performs transactions over the _____ 6.              The special journal designed for recording sales on account is the 7.              The special journal designed for recording cash receipts is the 6. ____ 8.              The subsidiary ledger containing information on the amounts due from individual customers is the                9.              Entries to adjust depreciation expense at the end of the period are recorded in the  10.              At the end of the month, the sum of the accounts payable subsidiary ledger must be equal to this general ledger controlling account

Question

FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY—25%

 

INSTRUCTIONS: Complete each of the following statements by writing the appropriate words in the Answers column.

 

For

Scoring

STATEMENTS  Answers

0.              The journal in which invoices for services provided are recorded is the revenue journal

1.              The ledger which contains all of the financial statement accounts is called the

2.              Each transaction in the cash receipts journal will have an amount
entered in the debit column entitled

3.              Each subsidiary ledger is represented by a summarized account in the
general ledger, called a(n)

4.              The accounts in the accounts payable ledger have a normal balance of
(debit or credit)

5.            E-commerce performs transactions over the _____

6.              The special journal designed for recording sales on account is the

7.              The special journal designed for recording cash receipts is the 6. ____

8.              The subsidiary ledger containing information on the amounts due from individual customers is the               

9.              Entries to adjust depreciation expense at the end of the period are recorded in the 

10.              At the end of the month, the sum of the accounts payable subsidiary ledger must be equal to this general ledger controlling account              

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