Assume that you are producing a graph of accounts because that a company. Each account number will have two digits. The first digit indicates the significant account group to i m sorry the account belongs. I beg your pardon of the complying with correctly identifies the major account groups frequently represented by the number 1 with 5?


You are watching: Which of the following entries records the receipt of cash from clients on account?

The following accounts appear in the ledger the Monroe entertainment Co. All accounts have actually normal balances.Accounts Payable $1,500Fees earn $3,600Accounts union $1,800Insurance expense $1,300Prepaid insurance allowance $2,000Land $3,000 Cash $3,200Wages cost $1,400Drawing $1,200Capital $8,800Total assets are:
The following accounts appear in the ledger that Monroe to chat Co. All accounts have actually normal balances.Accounts Payable $420 Fees deserve $2,277Accounts receivable $711 Insurance expense $453Prepaid insurance money $4,706 land $1,896 Cash $945 Wages expense $800 drawing $312Capital $7,126
adding all of the debits, adding all the the credits, and then individually the smaller sized sum from the bigger sum
Which of the following entries documents the investment of cash through Taylor Thomas, owner the a proprietorship?
Which that the complying with entries records the tap the money of cash by Sally Anderson, owner that a proprietorship, for personal use?
Office offers were offered by Janer"s Cleaning service at cost to an additional repair shop, v cash received. I m sorry of the adhering to entries because that Janer"s Cleaning business records this transaction?
Office provides purchased by Janer"s Cleaning business on account were returned. Which of the adhering to entries for Janer"s Cleaning business records this transaction?
Cash to be paid by Janer"s Cleaning service to creditors on account. I beg your pardon of the adhering to entries for Janer"s Cleaning company records this transaction?
Gently Laser Clinic purchase laser tools for $8,500 and also paid $2,250 down, with the remainder come be payment later. The correct journal entry would certainly be
Gently Laser Clinic purchased laser tools for $5,646 and paid $855 down, through the remainder to be paid later. The correct entry would certainly be
Joshua Scott invests $40,000 right into his brand-new business. How would this transaction be entered in the journal?
*

*

*



See more: All Else Held Equal, Socially Responsible Firms:, Business Mid Term Flashcards