超星 - Chapter 2 assingment

单选题

An attorney performs services of $1,100 for a client and receives $400 cash, with the remainder on account. The journal entry for this transaction would

A. debit Cash, debit Service Revenue, credit Accounts Receivable.
B. debit Cash, debit Accounts Receivable, credit Service Revenue.
C. debit Cash, credit Service Revenue.
D. debit Cash, credit Accounts Receivable, credit Service Revenue.

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单选题

Accounts Payable had a normal beginning balance of $1,300. During the period, there were debit postings of $700 and credit postings of $900. What was the ending balance?

A. $1,500 credit
B. $1,100 debit
C. $1,100 credit
D. $1,500 debit

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单选题

The list of all accounts with their balances is the

A. balance sheet.
B. journal.
C. trial balance.
D. chart of accounts.

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单选题

The basic summary device of accounting is the

A. account.
B. ledger.
C. trial balance.
D. journal.

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单选题

The beginning Cash balance was $6,000. At the end of the period, the balance was $7,000. If total cash paid out during the period was $20,000, the amount of cash receipts was

A. $21,000.
B. $26,000.
C. $19,000.
D. $27,000

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单选题

In a double-entry accounting system

A. half of all the accounts have a normal credit balance.
B. liabilities, owners’ equity, and revenue accounts all have normal debit balances.
C. a debit entry is recorded on the left side of a T-account.
D. a debit entry is recorded on the right side of a T-account.

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单选题

Which accounts appear on which financial statement?

A. Balance sheet: Receivables, land, payablesIncome statement: Revenues, supplies
Balance sheet: Cash, revenues, landIncome statement: Expenses, payables
C. Balance sheet: Cash, receivables, payables Income statement: Revenues, expenses
D. Balance sheet: Expenses, payables, cash Income statement: Revenues, receivables, land

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单选题

Which is the correct sequence for recording transactions and preparing financial statements?

A. Ledger, trial balance, journal, financial statements
B. Financial statements, trial balance, ledger, journal
C. Ledger, journal, trial balance, financial statements
D. Journal, ledger, trial balance, financial statements

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单选题

The error of posting $50 as $500 can be detected by

A. totaling each account’s balance in the ledger.
B. dividing the out-of-balance amount by 2.
C. dividing the out-of-balance amount by 9.
D. examining the chart of accounts.

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单选题

A doctor purchases medical supplies of $640 and pays $290 cash with the remainder on account. The journal entry for this transaction would be which of the following?

A. SuppliesAccounts ReceivableCash
B. SuppliesAccounts PayableCash
C. SuppliesAccounts PayableCash
D. SuppliesAccounts ReceivableCash

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