8. The correct journal entry for the transaction BOUGHT SUPPLIES ON ACCOUNT FROM JONES SUPPLY COMPANY is\:

debit Supplies and credit Accounts Payable/Jones Supply Company.

debit Supplies and credit Cash.

debit Accounts Payable/Jones Supply Company and credit Cash.

debit Account Payable/Jones Supply Company and credit Supplies.

9. The correct journal entry for the transaction PAID CASH FOR STORE EQUIPMENT is\:

debit Store Equipment? credit Cash.

debit Cash? credit Store Equipment.

debit Store Supplies? credit Cash.

debit Miscellaneous Expense? credit Store Equipment.

10. Pesky Termite received $85 cash from Bad Wood Hotel for payment on account. The journal entry for Pesky Termite to record this transaction is\:

debit Cash, $85? credit Accounts Receivable/Bad Wood Hotel, $85.

debit Accounts Receivable/Bad Wood Hotel, $85? credit Cash, $85.

debit Cash, $85? credit Sales, $85.

debit Sales, $85? credit Cash, $85.

11. Bill James discovered that a transaction for Utilities Expense was journalized and posted in error as a debit to Repair Expense, $250. The entry to correct the error is\:

debit Utilities Expense, $250? credit Repairs Expense, $250.

debit Cash, $250? debit Utilities Expense, $250.

debit Utilities Expense, $250? credit Cash, $250.

debit Repair Expense, $250? credit Utilities Expense, $250.

12. The correct journal entry for the transaction PAID CASH FOR PRINTER CARTRIDGES is\:

debit Supplies and credit Cash.

debit Owner's Drawing and credit Cash.

debit Cash and credit Owner's Capital.

debit Miscellaneous Expense and credit Cash.

13. Aquisha's Bookkeeping paid cash for the telephone bill, $134. The journal entry to record this transaction is\:

debit Telephone Expense, $134? credit Cash, $134.

debit Purchases, $134? credit Cash, $134.

debit Cash, $134? credit Purchases, $134.

debit Cash, $134? credit Telephone Expense, $134.

14. Taco Home paid cash for advertising, $400. The journal entry to record this transaction is\:

debit Advertising Expense, $400? credit Cash, $400.

debit Advertising, $400? credit Cash, $400.

debit Cash, $400? credit Advertising, $400.

debit Cash, $400? credit Advertising Expense, $400.

15. Slick's Used Cars received $415 cash from Eddie Baker for payment on account. The journal entry for Slick's Used Cars to record this transaction is\:

debit Cash, $415? credit Accounts Receivable/Eddie Baker, $415.

debit Sales, $415? credit Accounts Receivable/Eddie Baker, $415.

debit Accounts Receivable/Eddie Baker, $415? credit Cash, $415.

debit Accounts Receivable/Eddie Baker, $415? credit Sales, $415.

17. The transaction RECEIVED A CHECK FOR LEGAL FEES would result in the journal entry\:

debit Cash and credit Legal Fees-Revenue.

debit Cash and credit Legal Fees-Expense.

debit Legal Fees-Expense and credit Cash.

debit Miscellaneous Expense and credit Legal Fees-Revenue.

18. Sunny Day Preschool purchases office supplies on account from Just Pens for $115. The journal entry for Sunny Day Preschool to record this transaction is\:

debit Office Supplies, $115? credit Accounts Payable/Just Pens, $115.

debit Accounts Payable/Just Pens, $115? credit Office Supplies, $115.

debit Accounts Receivable/Just Pens, $115? credit Office Supplies, $115.

debit Office Supplies, $115? credit Accounts Receivable/Just Pens, $115.

19. Christina's Curtains paid cash for the telephone bill, $110. The journal entry to record this transaction is\:

debit Telephone Expense, $110? credit Cash, $110.

debit Purchases, $110? credit Cash, $110.

debit Cash, $110? credit Purchases, $110.

debit Cash, $110? credit Telephone Expense, $110.

20. The correct journal entry for the transaction RECEIVED A CHECK FOR BIKE RENTAL FEES is\:

debit Cash and credit Rental Fees.

debit Miscellaneous Expense and credit Cash.

debit Rental Fees and credit Cash.

debit Rental Fees and credit Miscellaneous Expense.

21. Fred's Furniture Store paid cash for advertising, $375. The journal entry to record this transaction is\:

debit Advertising Expense, $375? credit Cash, $375.

debit Advertising, $375? credit Cash, $375.

debit Cash, $375? credit Advertising, $375.

debit Cash, $375? credit Advertising Expense, $375.

22. Pam’s Publishing purchases supplies on account from Owen Office Supply for $350. The journal entry for Pam’s Publishing to record this transaction is\:

debit Supplies, $350? credit Accounts Payable/Owen Office Supply, $350.

debit Accounts Payable/Owen Office Supply, $350? credit Supplies, $350.

debit Accounts Receivable/Owen Office Supply, $350? credit Supplies, $350.

debit Supplies, $350? credit Accounts Receivable/Owen Office Supply, $350.

23. Free Time Fishing paid $600 cash for supplies from Go Office Supply. The journal entry for Free Time Fishing to record this transaction is\:

debit Supplies, $600? credit Cash, $600.

debit Cash, $600? credit Supplies Expense, $600.

debit Cash, $600? credit Supplies, $600.

debit Supplies Expense, $600? credit Cash, $600.

24. The correct journal entry for the transaction PAID THE TELEPHONE BILL is\:

debit Telephone Expense and credit Cash.

debit Equipment and credit Cash.

debit Cash and credit Equipment.

debit Cash and credit Telephone Expense.

25. Jones's Hardware paid $750 cash for supplies from Miner's Supply. The journal entry for Jones's Hardware to record this transaction is\:

debit Supplies, $750? credit Cash, $750.

debit Cash, $750? credit Purchases, $750.

debit Cash, $750? credit Supplies, $750.

debit Purchases, $750? credit Cash, $750.

26. Fast Freddy Furniture received $175 cash from Wayne Sweeny for payment on account. The journal entry for Fast Freddy Furniture to record this transaction is\:

debit Cash, $175? credit Accounts Receivable/Wayne Sweeny, $175.

debit Cash, $175? credit Sales, $175.

debit Sales, $175? credit Cash, $175.

debit Accounts Receivable/Wayne Sweeny, $175? credit Cash, $175.

27. Digital Electronics paid $189 cash for supplies from We Deliver Supplies. The journal entry for Digital Electronics to record this transaction is\:

debit Supplies, $189? credit Cash, $189.

debit Cash, $189? credit Supplies Expense, $189.

debit Cash, $189? credit Supplies, $189.

debit Supplies Expense, $189? credit Cash, $189.

28. Loopers & Cybrand Accountants purchased office supplies on account from Quick's Supply for $50. The journal entry for Loopers & Cybrand Accountants to record this transaction is\:

debit Office Supplies, $50? credit Accounts Payable/Quick's Supply, $50.

debit Accounts Payable/Quick's Supply, $50? credit Office Supplies, $50.

debit Accounts Receivable/Quick's Supply, $50? credit Office Supplies, $50.

debit Office Supplies, $50? credit Accounts Receivable/Quick's Supply, $50.

29. The correct journal entry for the transaction PAID CASH ON ACCOUNT TO VENDOR JONES SUPPLY is\:

debit Accounts Payable/Jones Supply and credit Cash.

debit Supplies and credit Cash.

debit Cash and credit Accounts Payable/Jones Supply.

debit Cash and credit Accounts Receivable/Jones Supply.

30. James discovered that a transaction for an Advertising Expense was journalized and posted in error as a debit to Miscellaneous Expense, $200. The entry to correct the error is\:

debit Advertising Expense, $200? credit Miscellaneous Expense, $200.

debit Advertising Expense, $200? credit Cash, $200.

debit Miscellaneous Expense, $200? credit Advertising Expense, $200.

debit Cash, $200? credit Advertising Expense, $200.

31. The correct journal entry for the transaction PAID CASH TO REPAIR OFFICE EQUIPMENT is\:

debit Repair Expense and credit Cash.

debit Cash and credit Miscellaneous Expense.

debit Cash and credit Repair Expense.

debit Miscellaneous Expense and credit Cash.

32. The correct journal entry for the transaction PAID CASH FOR COMPUTER PAPER is\:

debit Supplies and credit Cash.

debit Cash and credit Owner's Capital.

debit Owner's Drawing and credit Cash.

debit Miscellaneous Expense and credit Cash.

33. The correct entry for the transaction PAID CASH FOR NEWSPAPER ADVERTISEMENT is\:

debit Advertising Expense and credit Cash.

debit Cash and credit Advertising Expense.

debit Cash and credit Miscellaneous Expense.

credit Cash and credit Advertising Expense.

34. Marvin's Motorcycles paid $125 cash for supplies from Stewart's Supplies. The journal entry for Marvin's Motorcycles to record this transaction is\:

debit Supplies, $125? credit Cash, $125.

debit Cash, $125? credit Supplies Expense, $125.

debit Cash, $125? credit Supplies, $125.

debit Supplies Expense, $125? credit Cash, $125.

35. The correct journal entry for the transaction PAID CASH FOR A DELIVERY (MISCELLANEOUS EXPENSE), is\:

debit Miscellaneous Expense and credit Cash.

debit Supplies and credit Miscellaneous Expense.

debit Cash and credit Miscellaneous Expense.

debit Cash and credit Truck Expense.

Accounting 1 4.01

Authored by Ashley Faulkner

Business

9th - 12th Grade

Used 5+ times

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MULTIPLE CHOICE QUESTION

45 sec • 5 pts

1. The correct journal entry for the transaction, PAID CASH FOR AN OFFICE DESK, is\:

debit Cash and credit Office Equipment.

debit Cash and debit Office Equipment.

debit Computer Supplies and credit Cash.

debit Office Equipment and credit Cash.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

2. The correct journal entry for the transaction PAID CASH FOR POSTAGE (MISCELLANEOUS EXPENSE) is\:

debit Cash? credit Miscellaneous Expense.

debit Cash? credit Supplies.

debit Supplies? credit Cash.

debit Miscellaneous Expense? credit Cash.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

3. The correct journal entry for the transaction PAID CASH FOR RENT is\:

debit Miscellaneous Expense? credit Cash.

debit Rent Expense? credit Cash.

debit Cash? credit Rent Expense.

debit Cash? credit Utilities Expense.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

4. Classic Cars, Inc. paid $500 cash for supplies from Wendy's Supplies. The journal entry for Classic Cars, Inc. to record this transaction is\:

debit Cash, $500? credit Supplies Expense, $500.

debit Cash, $500? credit Supplies, $500.

debit Supplies Expense, $500? credit Cash, $500.

debit Supplies, $500? credit Cash, $500.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

5. The transaction SOLD SERVICES ON ACCOUNT TO BETH PARKER would result in the journal entry\:

debit Accounts Receivable/Beth Parker and credit Cash.

debit Accounts Receivable/Beth Parker and credit Sales.

debit Cash and credit Accounts Receivable/Beth Parker.

debit Cash and credit Sales.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

6. The correct journal entry for the transaction RECEIVED CASH ON ACCOUNT FROM BURKE SUPPLY is\:

debit Accounts Receivable/Burke Supply and credit Cash.

debit Accounts Receivable/Burke Supply and credit Jane Smith, Capital.

debit Cash and credit Accounts Receivable/Burke Supply.

debit Cash and credit Jane Smith, Capital.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

7. The Pool Palace paid cash for the telephone bill, $225. The journal entry to record this transaction is\:

debit Purchases, $225? credit Cash, $225.

debit Telephone Expense, $225? credit Cash, $225.

debit Cash, $225? credit Purchases, $225.

debit Cash, $225? credit Telephone Expense, $225.

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