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Chapter 2--Analyzing Transactions

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Question;109. Cash;was paid by Ari?s Alarm Service to creditors on account. Which of the;following entries for Ari?s Alarm Service records this transaction?;A. Cash, debit, Ari Fleish, Capital, credit;B. Accounts Payable, debit, Cash, credit;C. Accounts Receivable, debit, Cash, credit;D. Accounts Payable, debit, Account Receivable, credit;110. The;process of initially recording a business transaction is called;A. closing;B. posting;C. journalizing;D. balancing;111. Which;of the following entries records the acquisition of office supplies on;account?;A. Office Supplies, debit, Cash, credit;B. Cash, debit, Office Supplies, credit;C. Office Supplies, debit, Accounts Payable, credit;D. Accounts Receivable, debit, Office Supplies, credit;112. Which;of the following entries records the payment of rent for the current;month?;A. Cash, debit, Rent Expense, credit;B. Rent Expense, debit, Cash, credit;C. Rent Expense, debit, Accounts Receivable, credit;D. Accounts Payable, debit, Rent Expense, credit;113. Which;of the following entries records the receipt of cash from patients on;account?;A. Accounts Payable, debit, Fees Earned, credit;B. Accounts Receivable, debit, Fees Earned, credit;C. Accounts Receivable, debit, Cash, credit;D. Cash, debit, Accounts Receivable, credit;114. Which;of the following entries records the collection of cash from cash;customers?;A. Fees Earned, debit, Cash, credit;B. Fees Earned, debit, Accounts Receivable, credit;C. Cash, debit, Fees Earned, credit;D. Accounts Receivable, debit, Fees Earned, credit;115. Which;of the following entries records the receipt of cash for two months' rent? The;cash was received in advance of providing the service.;A. Prepaid Rent, debit, Rent Revenue, credit.;B. Cash, debit, Unearned Rent, credit.;C. Cash, debit, Prepaid Rent, credit.;D. Cash, debit, Rent Expense credit.;116. A;patient has a physical examination and asks the bookkeeper to mail the;bill. The bookkeeper should;A. make no entry until the cash is received;B. Cash, debit, Accounts Receivable, credit;C. Cash, debit, Fees Earned, credit;D. Accounts Receivable, debit, Fees Earned, credit

 

Paper#55150 | Written in 18-Jul-2015

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