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Accounting Transactions

Authored by Zoe Keevers

Business

10th Grade

Used 8+ times

Accounting Transactions
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Purchased Supplies for cash

Dr. Cash

Cr. Supplies

Dr. Supplies

Cr. Cash

Dr. Supplies

Cr. Accounts Payable

Dr. Supplies

Cr. Income

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Owner contributed cash to business

Dr. Cash

Cr. Revenue

Dr. Cash

Cr. Accounts Receivable

Dr. Capital

Cr. Cash

Dr. Cash

Cr. Capital

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Purchase of supplies on credit

Dr. Cash

Cr. Accounts Payable

Dr. Supplies

Cr. Accounts Receivable

Dr. Supplies

Cr. Accounts Payable

Dr. Supplies

Cr. Cash

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Service performed on credit for a customer

Dr. Accounts Receivable

Cr. Service fees revenue

Dr. Cash

Cr. Accounts Payable

Dr. Service Fees Revenue

Cr. Accounts Receivable

Dr. Service Fees Revenue

Cr. Accounts Receivable

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Paid rent

Dr. Cash

Cr. Rent Expense

Dr. Accounts Payable

Cr. Rent Expense

Dr. Rent Expense

Cr. Accounts Receivable

Dr. Rent Expense

Cr. Cash at bank

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Business sold goods to a customer who paid a cash deposit and the rest on credit

Dr. Sales

Cr. Cash at bank

Cr. Accounts Receivable

Dr. Cash

Dr. Accounts Receivable

Cr. Sales

Dr. Accounts Payable

Dr. Cash

Cr. Sales

Dr. Sales

Cr. Cash

Cr. Accounts Payable

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Paid telephone

Dr. Telephone

Cr. Cash

Dr. Accounts Receivable

Cr. Telephone

Dr. Telephone

Cr. Accounts Payable

Dr. Cash

Cr. Telephone

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