Acct II Review - Beginning of 2nd Semester

When the business writes a check to pay a cash amount it's recorded in which journal?

• Purchases Journal

• Cash payments Journal

• Cash Receipts Journal

• Sales Journal

When the business sells merchandise to customer and it's noted with a Sales Invoice and recorded in which journal?

• Purchases Journal

• Cash payments Journal

• Cash Receipts Journal

• Sales Journal

When the business receives cash for payment of goods that were either previously purchased on accout or through their POS system, it's recorded where?

• Purchases Journal

• Cash payments Journal

• Cash Receipts Journal

• Sales Journal

When the business purchases merchandise using credit (on account) it will get recorded in which journal?

• Purchases Journal

• Cash payments Journal

• Cash Receipts Journal

• Sales Journal

If you want to increase an Asset account the amount will get recorded in which coloumn?

• Debit Column

• Credit Column

If you want to increase a Liability account the amount will get recorded in which column?

• Debit Column

• Credit Column

If you want to increase an Owner's Equity account the amount will get recorded in which column?

• Debit Column

• Credit Column

Sold equipment on account to Mary McCory. Which of the following is correct?

• Accounts Receivable/Mary McCory will be debited.

• Accounts Receivable/Mary McCory will be credited.

• Accounts Payable/Mary McCory will be debited.

• Accounts Payable/Mary McCory will be credited.

Paid cash for payment on account to Davis Office Supply. Which of the following is correct?

• Accounts Receivable/Davis Office Supply will be debited.

• Accounts Receivable/Davis Office Supply will be credited.

• Accounts Payable/Davis Office Supply will be debited.

• Accounts Payable/Davis Office Supply will be credited.

Purchase supplies on account from Davis Office Supply. Which of the following is correct?

• Accounts Receivable/Davis Office Supply will be debited.

• Accounts Receivable/Davis Office Supply will be credited.

• Accounts Payable/Davis Office Supply will be debited.

• Accounts Payable/Davis Office Supply will be credited.