Chapter 3.2, Problem 1AYU

Post the transactions to t- account ( post entries in the order of information presented in the question cash, account receivable, equipment, account payable, common stock, service revenue, sales and wages expenses)

If a journal entry includes a debit or credit to the Cash account, it is most likely which of thefollowing?A. a closing entryB. an adjusting entryC. an ordinary transaction entryD. outside of the accounting cycle

How to know when the account is debited or credited

Prepaid Expense has the account type of Checking with a starting balance of

The journal entry to record the withdrawal of cash by Sue Snow, the owner, to pay apersonal utility bill would include:

Which of the following accounts could be part of a regular journal entry, an adjusting entry,  a closing entry, and a reversing entry?    interest revenue     account receivable         depreciation expense         unearned revenue         prepaid insurance

The balance of Prepaid Insurance, representing the cost of insurance that remains paid in advance, should appear in the: a.Trial Balance Credit column. b.Income Statement Debit column. c.Adjusted Trial Balance Credit column. d.Balance Sheet Debit column

Post the transactions to T accounts which are Cash, Account Receivable and Service Revenue, lastly determine each account's ending balance.

When company uses special journal , the transaction of settling company liabilities record in.. a. Purchase journal b. Cash receipt journal  c. Cash disbursement journal  d. General jornal