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Assessment (Quiz # 5)

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What is the business transaction in this journal entry?

a)

Purchased supplies on account worth 102,000.

b)

Purchased catering equipment on account worth 102,000.

c)

Purchased supplies on account worth 100,000.

d)

Purchased equipment in cash worth 102,000.

2.

What is the credited account in this business transaction?

a)

Transportation expense

b)

Maintenance Expense

c)

Cash

d)

Supplies

3.

What is the business transaction in this journal entry?

a)

She paid salary expense.

b)

She rendered services in the amount of 14,000.

c)

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

d)

She incurred telephone bill 5,000.

4.

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

a)

1 inch

b)

2 inches

c)

1/2 inch

d)

3 inches

5.

When was Crisostomo withdrew cash?

a)

Feb. 8

b)

Feb. 17

c)

Feb. 16

d)

Feb. 15

6.

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

a)

13,400

b)

18,200

c)

15,200

d)

14,500

7.

Which of the following identifies "rendered services"?

a)

Date

b)

Debit Amount

c)

Brief Explanation

d)

Heading

8.

Which of the following identifies the picture?

a)

Credit Account Column

b)

Debit Account Column

c)

Date

d)

Heading

9.

How much is the liability of Crisostomo in this journal?

a)

103,000

b)

102,000

c)

101,000

d)

100,000

10.

How much is the total cash credited in this journal?

a)

130,200

b)

131,000

c)

140,000

d)

131,200