Assessment (Quiz # 5)

What is the business transaction in this journal entry?

• Purchased supplies on account worth 102,000.

• Purchased catering equipment on account worth 102,000.

• Purchased supplies on account worth 100,000.

• Purchased equipment in cash worth 102,000.

What is the credited account in this business transaction?

• Transportation expense

• Maintenance Expense

• Cash

• Supplies

What is the business transaction in this journal entry?

• She paid salary expense.

• She rendered services in the amount of 14,000.

• She paid transportation expense in the amount of 14,000.

• She incurred telephone bill 5,000.

How many inches of indention should have in the credit account when journalizing in the journal?

• 1 inch

• 2 inches

• 1/2 inch

• 3 inches

When was Crisostomo withdrew cash?

• Feb. 8

• Feb. 17

• Feb. 16

• Feb. 15

How much is the amount of the services rendered by Crisostomo?

• 13,400

• 18,200

• 15,200

• 14,500

Which of the following identifies "rendered services"?

• Date

• Debit Amount

• Brief Explanation

• Heading

Which of the following identifies the picture?

• Credit Account Column

• Debit Account Column

• Date

• Heading

How much is the liability of Crisostomo in this journal?

• 103,000

• 102,000

• 101,000

• 100,000

How much is the total cash credited in this journal?

• 130,200

• 131,000

• 140,000

• 131,200