
EduardoTrevinoACCT2301.03Pre
Authored by Eduardo Trevino
Business, Other
University
Used 3+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
The ending bank statement balance on March 31 is $8,050. The bank statement shows a service charge of $100, an electronic funds receipt of $550, and an NSF Check for $300. Deposits in Transit total $2,550, and outstanding checks are $2,100. The balance per book on March 31 is $8,350. What is the adjusted balance at March 31?
8350
8200
8500
8650
2.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
The bank ending balance is 7,500$; there are $ 1,800 deposits in transit and $ 1,000 in outstanding checks. What is the Adjusted balance?
4700
8300
10300
6700
3.
MULTIPLE CHOICE QUESTION
45 sec • 5 pts
Record Journal entry for an EFT received from a customer:
Debit: accounts payable
Credit: Cash
Debit: Accounts Receivable
Credit: Sales Revenue
Debit: Cash
Credit: Sales Revenue
Debit: cash
Credit: Accounts Receivable
4.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
The book ending balance is 5000$. Quantify the balance after making adjustments for the following unrecorded items: Bank service fee of 100$, interest on notes payable of 1% of 1000$, NSF check fee of 250$, and an EFT check of 300$.
4940
5660
4340
4950
5.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
The company recently accidentally understated in the books a payment made to suppliers. Which adjusting journal entry would correct the company error?
Debit: accounts payable
Credit: cash
Debit: cash
Credit: accounts payable
Debit: cash
Credit: supplies
Debit: supplies expense
Credit: cash
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
The Fraud Triangle includes all of the following except:
Incentive
Corruption
Opportunity
Rationalization
7.
FILL IN THE BLANK QUESTION
45 sec • 5 pts
(a) is generally defined as an attempt to deceive others for personal gain.
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?