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JM Photocopying Center Transactions

Total questions: 24

Worksheet time: 12mins

Name
Class
Date
1.

For the transaction: Paid the monthly rent of 5,000. Determine whether the journal entry is a simple or compound entry.

a)

Simple entry

b)

Compound entry

2.

For the transaction: Paid the monthly rent of 5,000. Identify the account to be debited.

a)

Rent Expense

b)

Cash

c)

Accounts Payable

d)

Service Revenue

3.

For the transaction: Paid the monthly rent of 5,000. Identify the account to be credited.

a)

Cash

b)

Rent Expense

c)

Accounts Receivable

d)

Owner's Capital

4.

For the transaction: Received 3,000 cash for photocopying services. Determine whether the journal entry is a simple or compound entry.

a)

Simple entry

b)

Compound entry

5.

For the transaction: Received 3,000 cash for photocopying services. Identify the account to be debited.

a)

Cash

b)

Service Revenue

c)

Accounts Receivable

d)

Owner's Capital

6.

For the transaction: Received 3,000 cash for photocopying services. Identify the account to be credited.

a)

Service Revenue

b)

Cash

c)

Unearned Revenue

d)

Accounts Payable

7.

For the transaction: Purchased supplies on account for 1,800. Determine whether the journal entry is a simple or compound entry.

a)

Simple entry

b)

Compound entry

8.

For the transaction: Purchased supplies on account for 1,800. Identify the account to be debited.

a)

Supplies

b)

Accounts Payable

c)

Cash

d)

Service Revenue

9.

For the transaction: Purchased supplies on account for 1,800. Identify the account to be credited.

a)

Accounts Payable

b)

Supplies

c)

Cash

d)

Accounts Receivable

10.

For the transaction: Received 4,000 cash from a customer on account. Determine whether the journal entry is a simple or compound entry.

a)

Simple entry

b)

Compound entry

11.

For the transaction: Received 4,000 cash from a customer on account. Identify the account to be debited.

a)

Cash

b)

Accounts Receivable

c)

Service Revenue

d)

Unearned Revenue

12.

For the transaction: Received 4,000 cash from a customer on account. Identify the account to be credited.

a)

Accounts Receivable

b)

Cash

c)

Service Revenue

d)

Owner's Capital

13.

For the transaction: Paid 2,500 for utilities and 500 for taxes in one payment. Determine whether the journal entry is a simple or compound entry.

a)

Simple entry

b)

Compound entry

14.

For the transaction: Paid 2,500 for utilities and 500 for taxes in one payment. Select all accounts that should be debited.

a)

Utilities Expense

b)

Taxes Expense

c)

Cash

d)

Accounts Payable

15.

For the transaction: Paid 2,500 for utilities and 500 for taxes in one payment. Identify the account to be credited.

a)

Cash

b)

Utilities Expense

c)

Taxes Expense

d)

Accounts Receivable

16.

For the transaction: Owner invested 10,000 cash into the business. Determine whether the journal entry is a simple or compound entry.

a)

Simple entry

b)

Compound entry

17.

For the transaction: Owner invested 10,000 cash into the business. Identify the account to be debited.

a)

Cash

b)

Owner's Capital

c)

Service Revenue

d)

Accounts Receivable

18.

For the transaction: Owner invested 10,000 cash into the business. Identify the account to be credited.

a)

Owner's Capital

b)

Cash

c)

Unearned Revenue

d)

Notes Payable

19.

For the transaction: Earned 3,500 service revenue—2,000 cash and 1,500 on account. Determine whether the journal entry is a simple or compound entry.

a)

Simple entry

b)

Compound entry

20.

For the transaction: Earned 3,500 service revenue—2,000 cash and 1,500 on account. Select all accounts that should be debited.

a)

Cash

b)

Accounts Receivable

c)

Service Revenue

d)

Unearned Revenue

21.

For the transaction: Earned 3,500 service revenue—2,000 cash and 1,500 on account. Identify the account to be credited.

a)

Service Revenue

b)

Cash

c)

Accounts Receivable

d)

Owner's Capital

22.

For the transaction: Paid 1,200 of Accounts Payable. Determine whether the journal entry is a simple or compound entry.

a)

Simple entry

b)

Compound entry

23.

For the transaction: Paid 1,200 of Accounts Payable. Identify the account to be debited.

a)

Accounts Payable

b)

Cash

c)

Supplies

d)

Notes Payable

24.

For the transaction: Paid 1,200 of Accounts Payable. Identify the account to be credited.

a)

Cash

b)

Accounts Payable

c)

Accounts Receivable

d)

Owner's Capital