4192027
Beschreibung
Quiz von Kathleen Keller, aktualisiert more than 1 year ago
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Erstellt von Kathleen Keller
vor fast 9 Jahre
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Frage 1
Frage
Jessica wants to replenish the $200 petty cash fund. She has receipts for the following total payments:
supplies, $85; and repairs, $55. A cash count shows $75 in the petty cash box. What is the correct journal
entry to record the transaction?
Antworten
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Debit Repair Expense $55, debit Supplies $85 and credit Cash $140
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Debit Repair Expense $55, debit Supplies $85 and credit Petty Cash $140
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Debit Repair Expense $55, debit Supplies $85, and credit Cash $125, credit Cash Short and Over $15
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Debit Repair Expense $55, debit Supplies $85, debit Cash Short and Over $15, and credit Cash $155
Frage 2
Frage
David wants to replenish the $150 petty cash fund. He has receipts for the following total payments: supplies,
$36; and postage (Office Expense), $27. A cash count shows $87 in the petty cash box. What is the correct
journal entry to record the transaction?
Antworten
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Debit Cash $63 and credit Miscellaneous Expense $63
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Debit Miscellaneous Expense $63 and credit Cash $63
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Debit Office Expense $27, debit Supplies $36 and credit Cash $63
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Debit Office Expense $27, debit Supplies $36 and credit Petty Cash $63
Frage 3
Frage
Timothy wants to replenish the $300 petty cash fund. He has receipts for the following total payments:
postage (Office Expense), $35; supplies, $25; and repairs, $95. A cash count shows $160 in the petty cash box.
What is the correct journal entry to record the transaction?
Antworten
-
Debit Repair Expense $95, debit Office Expense $35, debit Supplies $25 and credit Cash $155
-
Debit Repair Expense $95, debit Office Expense $35, debit Supplies $25 and credit Petty Cash $155
-
Debit Repair Expense $95, debit Office Expense $35, debit Supplies $25, and credit cash $140, credit Cash Short and Over $15
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Debit Repair Expense $95, debit Office Expense $35, debit Supplies $25, debit Cash Short and Over $5, and credit cash $160
Frage 4
Frage
Michael wants to establish a $500 petty cash fund for his business. He has requested a check for $500. What
is the correct journal entry to record the transaction?
Antworten
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Debit Cash $500 and credit Petty Cash $500
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Debit Miscellaneous Expense $500 and credit Cash $500
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Debit Petty Cash $500 and credit Cash $500
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Debit Petty Cash $500 and credit Miscellaneous Expense $500
Frage 5
Frage
Emily wants to replenish the $300 petty cash fund. She has receipts for the following total payments:
supplies, $55; and repairs, $35. A cash count shows $195 in the petty cash box. What is the correct journal
entry to record the transaction?
Antworten
-
Debit Repair Expense $35, debit Supplies $55 and credit Cash $90
-
Debit Repair Expense $35, debit Supplies $55 and credit Petty Cash $90
-
Debit Repair Expense $35, debit Supplies $55, and credit Cash $90, credit Cash Short and Over $15
-
Debit Repair Expense $35, debit Supplies $55, debit Cash Short and Over $15, and credit Cash $105
Frage 6
Frage
Claire wants to establish a $250 petty cash fund for her business. She requested a check for $250. What is
the correct journal entry to record the transaction?
Antworten
-
Debit Cash $250 and credit Petty Cash $250
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Debit Miscellaneous Expense $250 and credit Cash $250
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Debit Petty Cash $250 and credit Cash $250
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Debit Petty Cash $250 and credit Miscellaneous Expense $250
Frage 7
Frage
Mary wants to replenish the $200 petty cash fund. She has receipts for the following total payments:
supplies, $25; and repairs, $45. A cash count shows $130 in the petty cash box. What is the correct journal
entry to record the transaction?
Antworten
-
Debit Cash $70 and credit Miscellaneous Expense $70
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Debit Miscellaneous Expense $70 and credit Cash $70
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Debit Repair Expense $45, debit Supplies $25 and credit Cash $70
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Debit Repair Expense $45, debit Supplies $25 and credit Petty Cash $70
Frage 8
Frage
Joseph wants to replenish the $150 petty cash fund. He has receipts for the following total payments:
supplies, $75; and repairs, $43. A cash count shows $40 in the petty cash box. What is the correct journal
entry to record the transaction?
Antworten
-
Debit Repair Expense $43, debit Supplies $75 and credit Cash $118
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Debit Repair Expense $43, debit Supplies $75, and credit cash $110, credit Cash Short and Over $8
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Debit Repair Expense $43, debit Supplies $75 and credit Petty Cash $118
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Debit Repair Expense $43, debit Supplies $75, debit Cash Short and Over $8, and credit Cash $126
Frage 9
Frage
Daniel wants to replenish the $250 petty cash fund. He has receipts for the following total payments:
postage, $34; and repairs, $76. A cash count shows $100 in the petty cash box. What is the correct journal
entry to record the transaction?
Antworten
-
Debit Repair Expense $76, debit Office Expense $34 and credit Cash $110
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Debit Repair Expense $76, debit Office Expense $34 and credit Petty Cash $110
-
Debit Repair Expense $76, debit Office Expense $34, and credit Cash $110, credit Cash Short and Over $40
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Debit Repair Expense $76, debit Office Expense $34, debit Cash Short and Over $40, and credit Cash $150
Frage 10
Frage
Michelle wants to replenish the $300 petty cash fund. She has receipts for the following total payments:
postage (Office Expense), $40; supplies, $25; and repairs, $45. A cash count shows $175 in the petty cash box.
What is the correct journal entry to record the transaction?
Antworten
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Debit Repair Expense $45, debit Supplies $25, debit Office Expense $40 and credit Cash $110
-
Debit Repair Expense $45, debit Supplies $25, debit Office Expense $40 and credit Petty Cash $110
-
Debit Repair Expense $45, debit Supplies $25, debit Office Expense $40 and credit Cash $110, credit Cash Short and Over $15
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Debit Repair Expense $45, debit Supplies $25, debit Office Expense $40 and debit Cash Short and Over $15, and credit Cash $125
Frage 11
Frage
Scott wants to replenish the $225 petty cash fund. He has receipts for the following total payments: supplies,
$35; and repairs, $15. A cash count shows $175 in the petty cash box. What is the correct journal entry to
record the transaction?
Antworten
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Debit Cash $50 and credit Miscellaneous Expense $50
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Debit Miscellaneous Expense $50 and credit Cash $50
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Debit Repair Expense $15, debit Supplies $35 and credit Cash $50
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Debit Repair Expense $15, debit Supplies $35 and credit Petty Cash $50
Frage 12
Frage
Steve wants to replenish the $200 petty cash fund. He has receipts for the following total payments:
supplies, $18; and repairs, $32. A cash count shows $145 in the petty cash box. What is the correct journal
entry to record the transaction?
Antworten
-
Debit Repair Expense $32, debit Supplies $18, debit Cash Short and Over $5, and credit Cash $55
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Debit Repair Expense $32, debit Supplies $18, and credit Cash $60, credit Cash Short and Over $5
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Debit Repair Expense $32, debit Supplies $18 and credit Petty Cash $50
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Debit Repair Expense $32, debit Supplies $18 and credit Cash $50
Frage 13
Frage
Greg has gross earnings of $245.00, Social Security withholding of $15.19, Medicare withholding of $3.55,
federal income tax withholding of $50.00, and state income tax withholding of $15.93. What are Greg's total
deductions?
Antworten
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$34.67
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$68.74
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$84.67
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$160.33
Frage 14
Frage
Burger Barn paid the following taxes: Social Security $240.00, Medicare $110.00, Federal Income Tax
$250.00. What is the entry to journalize the payment of the payroll taxes?
Antworten
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Debit Cash $600.00; credit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00
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Debit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00; credit Cash $600.00
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Debit Payroll Tax Expense $600.00; credit Cash $600.00
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Debit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00; credit Payroll Tax Expense $600.00
Frage 15
Frage
Watauga Office Supply paid state unemployment taxes of $168.00. What is the entry to journalize the
payment of the unemployment taxes?
Antworten
-
Debit Cash $168.00; credit State Unemployment Tax Payable $168.00
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Debit Payroll Tax Expense $168.00, credit Cash $168.00
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Debit State Unemployment Tax Payable $168.00, credit Cash $168.00
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Debit State Unemployment Tax Payable $168.00, credit Payroll Tax Expense $168.00
Frage 16
Frage
Brandon worked 7 hours on Monday, 8 hours on Tuesday, 10 hours on Wednesday, 9 hours on Thursday, 10
hours on Friday, and 4 hours on Saturday. Brandon's rate of pay is $12 per hour. Calculate Brandon's
regular, overtime and total hours for the week.
Antworten
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30 Regular Hours, 18 Overtime Hours, and 48 Total Hours
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35 Regular Hours, 13 Overtime Hours, and 48 Total Hours
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40 Regular Hours, 8 Overtime Hours, and 48 Total Hours
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48 Regular Hours, No Overtime Hours, and 48 Total Hours
Frage 17
Frage
WKRP Broadcasting paid federal unemployment taxes of $28. What is the entry to journalize the payment of
the unemployment taxes?
Antworten
-
Debit Cash $28.00; credit Federal Unemployment Tax Payable $28.00
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Debit Federal Unemployment Tax Payable $28.00, credit Cash $28.00
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Debit Federal Unemployment Tax Payable $28.00, credit Payroll Tax Expense $28.00
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Debit Payroll Tax Expense $28.00, credit Cash $28.00
Frage 18
Frage
Greg has gross earnings of $245.00, Social Security withholding of $15.19, Medicare withholding of $3.55,
federal income tax withholding of $50.00, and state income tax withholding of $15.93. What are Greg's total
deductions?
Antworten
-
$34.67
-
$68.74
-
$84.67
-
$160.33
Frage 19
Frage
Sports Incorporated has employer payroll taxes as follows: Social Security Tax $225.00, Medicare Tax
$125.00 and Federal Unemployment Tax $55.00. What is the entry to record the employer's payroll taxes?
Antworten
-
Debit Payroll Tax Expense $405.00, Social Security Tax Payable $225.00; credit Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
-
Debit Payroll Tax Expense $405.00; credit Cash $405.00
-
Debit Payroll Tax Expense $405.00; Credit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
-
Debit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00; credit Payroll Tax Expense $405.00
Frage 20
Frage
WKRP Broadcasting paid state unemployment taxes of $95.00. What is the entry to journalize the payment
of the unemployment taxes?
Antworten
-
Debit Cash $95.00; credit State Unemployment Tax Payable $95.00
-
Debit Payroll Tax Expense $95.00; credit Cash $95.00
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Debit State Unemployment Tax Payable $95.00; credit Cash $95.00
-
Debit State Unemployment Tax Payable $95.0; credit Payroll Tax Expense $95.00
Frage 21
Frage
John's Seafood has $1,500.00 in wages, $93.00 in Social Security withholding, $21.75 in Medicare
withholding, $200.00 in federal income tax withholding, and $80.00 in state income tax withholding. What is
the correct entry for recording the company's payroll?
Antworten
-
Debit Salary Expense $1,500.00, Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00; credit Cash $1,105.25
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Debit Salary Expense $1,500.00; credit Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00, Cash $1,105.25
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Debit Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00; credit Salary Expense $1,500.00, Cash $1,105.25
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Debit Wages Expense $1,500.00, Cash $1,105.25; credit Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00
Frage 22
Frage
Sports Incorporated has employer payroll taxes as follows: Social Security Tax $225.00, Medicare Tax
$125.00 and Federal Unemployment Tax $55.00. What is the entry to record the employer's payroll taxes?
Antworten
-
Debit Payroll Tax Expense $405.00, Social Security Tax Payable $225.00; credit Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
-
Debit Payroll Tax Expense $405.00; credit Cash $405.00
-
Debit Payroll Tax Expense $405.00; credit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
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Debit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00; credit Payroll Tax Expense $405.00
Frage 23
Frage
Matt has gross earnings of $300.00 and total deductions of $126.75. What is Matt's net pay?
Antworten
-
$426.75
-
$226.25
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$175.00
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$173.25
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