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When recording a journal entry, assets accounts are shown first, followed by liabilit

提问人:网友后慧珍 发布时间:2022-04-06
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更多“When recording a journal entry…”相关的问题
第1题
A company factored $45,000 of its accounts receivable and was charged a 3% factoring fee. To make the journal entry to record this transaction.
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第2题
ABC Company sold the products to DEF Company for £2,000, and DEF Company agrees to pay ABC within 20 days. When preparing the journal entry of this transaction, DEF Company should _________.

A、credit the cash account for £2,000.

B、debit the cash account for £2,000.

C、debit the accounts receivable account for £2,000.

D、credit the accounts payable account for £2,000.

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第3题
A journal entry to recognize an expense must include ().

A.A.A credit to Accounts Payable account

B.B.A debit to an Expense account

C.C.A credit to Cash account

D.D.A debit to Accounts Payable account

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第4题
A company factored $35,000 of its accounts receivable and was charged a 2% factoring fee.
The journal entry to record this transaction would include a debit to Cash of $35,000, a debit to Factoring Fee Expense of $700, and credit to Accounts Receivable of $35,700.

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第5题
Record the following entry in the general journal for the Schneider Cleaning Company. Paid 1/4 of the amount owed on the equipment.

A、Accounts Payable 1,000 Cash 1,500

B、Accounts Payable 1,500 Cash 1,500

C、Accounts Payable 1,500 Cash 1,000

D、None of the above.

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第6题
Record the following entry in the general journal for the Schneider Cleaning Company. Bought equipment costing $6 000 on accounts.

A、Equipment 3,000 Accounts Payable 3,000

B、Equipment 3,000 Accounts Payable 6,000

C、Equipment 6,000 Accounts Payable 6,000

D、None of the above.

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第7题
Under a perpetual inventory system, when a sale is made, the seller prepares:

A.no journal entry.

B.one journal entry only.

C.two journal entries.

D.three journal entries.

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第8题
The general journal provides a place for recording all of the following except____________.

A、the transaction date

B、the names of the accounts involved

C、the amount of each debit and credit

D、an explanation of the transaction

E、the balance in each account

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第9题
PF purchased a quota for carbon dioxide emissions for $15,000 on 30 April 20X6 and capital
ised it as an intangible asset in its statement of financial position. PF estimates that the quota will have a useful life of 3 years. What is the journal entry required to record the amortisation of the quota in the accounts for the year ended 30 April 20X9?

A、Dr Expenses $15,000 Cr Accumulated amortisation $15,000

B、Dr Expenses $5,000 Cr Accumulated amortisation $5,000

C、Dr Intangible assets $5,000 Cr Accumulated amortisation $5,000

D、Dr Accumulated amortisation $15,000 Cr Intangible assets $15,000

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