Journalizing Accounting Entries

Journalizing Accounting Entries

Assessment

Flashcard

Other

11th Grade

Hard

Created by

Wayground Content

FREE Resource

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15 questions

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1.

FLASHCARD QUESTION

Front

When cash is paid for insurance, which account is listed on the debit entry? Options: Accounts Receivable, Cash, Pre-paid Insurance, Insurance Expense

Back

Pre-paid Insurance

2.

FLASHCARD QUESTION

Front

When supplies are bought on account, which account is listed on the credit entry?

Back

Account Payable

3.

FLASHCARD QUESTION

Front

True or False:  Transactions are recorded in a journal by date.

Back

True

4.

FLASHCARD QUESTION

Front

True or False:  Source documents are one way to verify accuracy of a specific journal entry.

Back

True

5.

FLASHCARD QUESTION

Front

When received cash from owner as an investment, which account is listed on the credit entry? Options: Cash, Capital, Accounts Payable, Accounts Receivable

Back

Capital

6.

FLASHCARD QUESTION

Front

4 parts of a journal entry: date, accounting titles, account, normal balance

Back

date, accounting titles, account, normal balance

7.

FLASHCARD QUESTION

Front

When paid cash for supplies purchased last month, which account is listed on the debit entry?

Back

Supplies

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