6715482
Descripción
Test por Kathleen Keller, actualizado hace más de 1 año
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Creado por Kathleen Keller
hace alrededor de 8 años
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Pregunta 1
Pregunta
Digital Electronics paid $189 cash for supplies from We Deliver Supplies. What is the journal entry for Digital Electronics to record this transaction?
Respuesta
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Debit Cash, $189; credit Supplies Expense, $189.
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Debit Cash, $189; credit Supplies, $189.
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Debit Supplies Expense, $189; credit Cash, $189.
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Debit Supplies, $189; credit Cash, $189.
Pregunta 2
Pregunta
Taco Home paid cash for advertising, $400. What is the journal entry to record this transaction?
Respuesta
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Debit Advertising, $400; credit Cash, $400.
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Debit Advertising Expense, $400; credit Cash, $400.
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Debit Cash, $400; credit Advertising, $400.
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Debit Cash, $400; credit Advertising Expense, $400.
Pregunta 3
Pregunta
Valley Products paid cash to Carolina Distributors, $882; covering Purchase Invoice No. 1734 for $900, less a 2% discount, $18.00. What is the journal entry for Valley Products to record this transaction?
Respuesta
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Debit Accounts Payable/ Carolina Distributors, $900; credit Purchases Discount $18 and credit Cash $882.
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Debit Accounts Payable/ Carolina Distributors, $882; credit Cash, $882.
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Debit Accounts Payable/ Carolina Distributors, $900; credit Cash, $900.
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Debit Purchases Discount $18 and debit Cash $882; credit Accounts Payable/ Carolina Distributors $900.
Pregunta 4
Pregunta
Tiny's Toys returned merchandise that was purchased on account to Jonah's Distributing, $150. What is the journal entry for Tiny's Toys to record this transaction?
Respuesta
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Debit Accounts Payable/Jonah's Distributing, $150; Credit Purchases Returns and Allowances, $150.
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Debit Accounts Receivable/Jonah's Distributing, $150; Credit Purchases Returns and Allowances, $150.
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Debit Purchases Returns and Allowances, $150; Credit Purchases, $150.
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Debit Purchases Returns and Allowances, $150; Credit Accounts Payable/ Jonah's Distributing, $150.
Pregunta 5
Pregunta
Curt's Cabinets paid cash to Phil's Fasteners, $441; covering Purchase Invoice No. 54 for $450, less a 2% discount, $9.00. What is the journal entry for Curt's Cabinets to record this transaction?
Respuesta
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Debit Accounts Payable/ Phil's Fasteners, $441; credit Cash, $441.
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Debit Accounts Payable/ Phil's Fasteners, $450; credit Cash, $450.
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Debit Accounts Payable/ Phil's Fasteners, $450; credit Purchases Discount $9 and credit Cash $441.
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Debit Purchases Discount $9 and debit Cash $441; credit Accounts Payable/ Phil's Fasteners $450.
Pregunta 6
Pregunta
Frazier's Car Stereo paid cash on account to Sound Wire Supply, $395, covering Purchase Invoice No. 3279. What is the journal entry for Frazier's Car Stereo to record this transaction?
Respuesta
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Debit Accounts Payable/ Sound Wire Supply $395; credit Cash, $395.
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Debit Accounts Receivable/Sound Wire Supply, $395; credit Cash, $395.
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Debit Cash $395; credit Accounts Payable/ Sound Wire Supply $395.
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Debit Cash $395; credit Accounts Receivable/ Sound Wire Supply $395.
Pregunta 7
Pregunta
The Antique Shop purchased merchandise on account from Old Timers Supply for $128. What is the journal entry for The Antique Shop to record this transaction?
Respuesta
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Debit Accounts Payable/Old Timers Supply, $128; Credit Purchases, $128.
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Debit Accounts Receivable/Old Timers Supply, $128; Credit Purchases $128.
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Debit Purchases, $128; Credit Accounts Payable/Old Timers Supply, $128.
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Debit Purchases, $128; Credit Accounts Receivable/Old Timers Supply, $128.
Pregunta 8
Pregunta
Champs Country Club paid cash to Masters Jacket Supply, $931; covering Purchase Invoice No. 33 for $950, less a 2% discount, $19.00. What is the journal entry for Champs Country Club to record this transaction?
Respuesta
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Debit Accounts Payable/ Masters Jacket Supply, $931; credit Cash, $931.
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Debit Accounts Payable/ Masters Jacket Supply, $950; credit Cash, $950.
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Debit Accounts Payable/ Masters Jacket Supply, $950; credit Purchases Discount $19 and credit Cash $931.
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Debit Purchases Discount $19 and debit Cash $931; credit Accounts Payable/ Masters Jacket Supply $950.
Pregunta 9
Pregunta
Computer Phones, Inc. paid cash to Software Supply, $817; covering Purchase Invoice No.2254 for $860, less a 5% discount, $43.00. What is the journal entry for Computer Phones, Inc. to record this transaction?
Respuesta
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Debit Accounts Payable/ Software Supply, $817; credit Cash, $817.
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Debit Accounts Payable/ Software Supply, $860; credit Cash, $860.
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Debit Accounts Payable/ Software Supply, $860; credit Purchases Discount $43 and credit Cash $817.
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Debit Purchases Discount $43 and debit Cash $817; credit Accounts Payable/ Software Supply $860.
Pregunta 10
Pregunta
Billy Bob's B-B-Q paid cash to Pork Distributors, $418; covering Purchase Invoice No. 1921 for $440, less a 5% discount, $22.00. What is the journal entry for Billy Bob's B-B-Q to record this transaction?
Respuesta
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Debit Accounts Payable/ Pork Distributors, $418; credit Cash, $418.
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Debit Accounts Payable/ Pork Distributors, $440; credit Cash, $440.
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Debit Accounts Payable/ Pork Distributors, $440; credit Purchases Discount $22 and credit Cash $418.
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Debit Purchases Discount $22 and debit Cash $418; credit Accounts Payable/ Pork Distributors $440.
Pregunta 11
Pregunta
Impressive Signs paid cash to Peoria Paints, $513; covering Purchase Invoice No. 77 for $540, less a 5%
discount, $27.00. What is the journal entry for Impressive Signs to record this transaction?
Respuesta
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Debit Accounts Payable/ Peoria Paints, $540; credit Purchases Discount $27 and credit Cash $513.
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Debit Accounts Payable/ Peoria Paints, $513; credit Cash, $513.
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Debit Accounts Payable/ Peoria Paints, $540; credit Cash, $540.
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Debit Purchases Discount $27 and debit Cash $513; credit Accounts Payable/ Peoria Paints $540.
Pregunta 12
Pregunta
Icy Treats purchased merchandise for cash from Flavor Supply for $100. What is the journal entry for Icy Treats to record this transaction?
Respuesta
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Debit Accounts Payable/ Flavor Supply, $100; credit Purchases, $100.
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Debit Cash, $100; credit Purchases, $100.
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Debit Purchases, $100; credit Accounts Payable/ Flavor Supply, $100.
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Debit Purchases, $100; credit Cash, $100.
Pregunta 13
Pregunta
Wally's Watches returned merchandise that was purchased on account to Timer's Distributing, $400. What is the journal entry for Wally's Watches to record this transaction?
Respuesta
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Debit Accounts Payable/Timer's Distributing, $400; Credit Purchases Returns and Allowances, $400.
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Debit Accounts Receivable/Timer's Distributing, $400; Credit Purchases Returns and Allowances, $400.
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Debit Purchases Returns and Allowances, $400; Credit Purchases, $400.
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Debit Purchases Returns and Allowances, $400; Credit Accounts Payable/ Timer's Distributing, $400.
Pregunta 14
Pregunta
John's Appliances purchased merchandise on account from Electronic Supply for $990. What is the journal entry for John's Appliances to record this transaction?
Respuesta
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Debit Accounts Payable/Electronic Supply, $990; Credit Purchases, $990.
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Debit Accounts Receivable/Electronic Supply, $990; Credit Purchases $990.
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Debit Purchases, $990; Credit Accounts Payable/Electronic Supply, $990.
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Debit Purchases, $990; Credit Accounts Receivable/Electronic Supply, $990.
Pregunta 15
Pregunta
Aquisha's Bookkeeping paid cash for the telephone bill, $134. What is the journal entry to record this transaction?
Respuesta
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Debit Purchases, $134; credit Cash, $134.
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Debit Telephone Expense, $134; credit Cash, $134.
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Debit Cash, $134; credit Purchases, $134.
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Debit Cash, $134; credit Telephone Expense, $134.
Pregunta 16
Pregunta
Gill's Grills purchased store supplies on account from Sellers Warehouse for $829. What is the journal entry for Gill's Grills to record this transaction?
Respuesta
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Debit Accounts Payable/Sellers Warehouse, $829; Credit Supplies, $829.
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Debit Accounts Receivable/Sellers Warehouse, $829; Credit Supplies $829.
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Debit Supplies, $829; Credit Accounts Payable/Sellers Warehouse, $829.
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Debit Supplies, $829; Credit Accounts Receivable/Sellers Warehouse, $829.
Pregunta 17
Pregunta
Belinda's Rare Books purchased merchandise for cash from Book Distributors for $900. What is the journal entry for Belinda's Rare Books to record this transaction?
Respuesta
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Debit Accounts Payable/ Book Distributors, $900; credit Purchases, $900.
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Debit Cash, $900; credit Purchases, $900.
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Debit Purchases, $900; credit Accounts Payable/ Book Distributors, $900.
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Debit Purchases, $900; credit Cash, $900.
Pregunta 18
Pregunta
The Jungle Gym returned merchandise that was purchased on account to Footware Wholesale, $600. What is the journal entry for The Jungle Gym to record this transaction?
Respuesta
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Debit Accounts Payable/Footware Wholesale, $600; Credit Purchases Returns and Allowances, $600.
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Debit Accounts Receivable/Footware Wholesale, $600; Credit Purchases Returns and Allowances, $600.
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Debit Purchases Returns and Allowances, $600; Credit Purchases, $600.
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Debit Purchases Returns and Allowances, $600; Credit Accounts Payable/ Footware Wholesale, $600.
Pregunta 19
Pregunta
The Fish Friends Pet Shop purchased fish (merchandise) on account from Goldfish Supply for $152. What is the journal entry for Fish Friends Pet Shop to record this transaction?
Respuesta
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Debit Accounts Payable/Goldfish Supply, $152; Credit Purchases, $152.
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Debit Accounts Receivable/Goldfish Supply, $152; Credit Purchases $152.
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Debit Purchases, $152; Credit Accounts Payable/Goldfish Supply, $152.
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Debit Purchases, $152; Credit Accounts Receivable/Goldfish Supply, $152.
Pregunta 20
Pregunta
Corrugated Box Company paid cash to Paper Supply, $686; covering Purchase Invoice No. 88 for $700, less a 2% discount, $14.00. What is the journal entry for Corrugated Box Company to record this transaction?
Respuesta
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Debit Accounts Payable/ Paper Supply, $686; credit Cash, $686.
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Debit Accounts Payable/ Paper Supply, $700; credit Cash, $700.
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Debit Accounts Payable/ Paper Supply, $700; credit Purchases Discount $14 and credit Cash $686.
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Debit Purchases Discount $14 and debit Cash $686; credit Accounts Payable/ Paper Supply $700.
Pregunta 21
Pregunta
Wanda's Wigs paid cash to Wig Warehouse, $323; covering Purchase Invoice No. 812 for $340, less a 5%
discount, $17.00. What is the journal entry for Wanda's Wigs to record this transaction?
Respuesta
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Debit Accounts Payable/ Wig Warehouse, $323; credit Cash, $323.
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Debit Accounts Payable/ Wig Warehouse, $340; credit Cash, $340.
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Debit Accounts Payable/ Wig Warehouse, $340; credit Purchases Discount $17 and credit Cash $323.
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Debit Purchases Discount $17 and debit Cash $323; credit Accounts Payable/ Wig Warehouse $340.
Pregunta 22
Pregunta
Sluggers Sports Shop purchased merchandise for cash from Better Bats Warehouse for $850. What is the journal entry for Sluggers Sports Shop to record this transaction?
Respuesta
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Debit Accounts Payable/ Better Bats Warehouse, $850; credit Purchases, $850.
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Debit Cash, $850; credit Purchases, $850.
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Debit Purchases, $850; credit Accounts Payable/ Better Bats Warehouse, $850.
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Debit Purchases, $850; credit Cash, $850.
Pregunta 23
Pregunta
Dipper's Ice Cream Parlor returned merchandise that was purchased on account to The Ice Cream Company, $600. What is the journal entry for Dipper's Ice Cream Parlor to record this transaction?
Respuesta
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Debit Accounts Payable/The Ice Cream Company, $600; Credit Purchases Returns and Allowances, $600.
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Debit Accounts Receivable/The Ice Cream Company, $600; Credit Purchases Returns and Allowances, $600.
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Debit Purchases Returns and Allowances, $600; Credit Purchases, $600.
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Debit Purchases Returns and Allowances, $600; Credit Accounts Payable/The Ice Cream Company, $600.
Pregunta 24
Pregunta
Seahawk Fastpitch Softball paid cash on account to Community Field, $295, covering Purchase Invoice No. 14. What is the journal entry for Seahawk Fastpitch Softball to record this transaction?
Respuesta
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Debit Accounts Payable/ Community Field $295; credit Cash, $295.
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Debit Accounts Receivable/Community Field, $295; credit Cash, $295.
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Debit Cash $295; credit Accounts Payable/ Community Field $295.
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Debit Cash $295; credit Accounts Receivable/ Community Field $295.
Pregunta 25
Pregunta
Betty's Boutique purchased merchandise for cash from Jackson Supply for $700. What is the journal entry for Betty's Boutique to record this transaction?
Respuesta
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Debit Accounts Payable/Jackson Supply, $700; credit Purchases, $700.
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Debit Cash, $700; credit Purchases, $700.
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Debit Purchases, $700; credit Accounts Payable/Jackson Supply, $700.
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Debit Purchases, $700; credit Cash, $700.
Pregunta 26
Pregunta
River Road Farm Supply paid cash to C-V Chemical Distributors, $779; covering Purchase Invoice No. 623 for $820, less a 5% discount, $41.00. What is the journal entry for River Road Farm Supply to record this transaction?
Respuesta
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Debit Accounts Payable/ C-V Chemical Distributors, $779; credit Cash, $779.
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Debit Accounts Payable/ C-V Chemical Distributors, $820; credit Cash, $820.
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Debit Accounts Payable/ C-V Chemical Distributors, $820; credit Purchases Discount $41 and credit Cash $779.
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Debit Purchases Discount $41 and debit Cash $779; credit Accounts Payable/ C-V Chemical Distributors $820.
Pregunta 27
Pregunta
The Lil Kids Candy store purchased jelly beans (merchandise) on account from Jelly Belly Supply for $250. What is the journal entry for Lil Kids Candy to record this transaction?
Respuesta
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Debit Accounts Payable/Jelly Belly Supply, $250; Credit Purchases, $250.
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Debit Accounts Receivable/Jelly Belly Supply, $250; Credit Purchases $250.
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Debit Purchases, $250; Credit Accounts Payable/Jelly Belly Supply, $250.
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Debit Purchases, $250; Credit Accounts Receivable/Jelly Belly Supply, $250.
Pregunta 28
Pregunta
Sonny's Skateboard Shop paid cash on account to Boards Unlimited, $795, covering Purchase Invoice No. 290. What is the journal entry for Sonny's Skateboard Shop to record this transaction?
Respuesta
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Debit Accounts Payable/ Boards Unlimited $795; credit Cash, $795.
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Debit Accounts Receivable/Boards Unlimited, $795; credit Cash, $795.
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Debit Cash $795; credit Accounts Payable/ Boards Unlimited $795.
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Debit Cash $795; credit Accounts Receivable/ Boards Unlimited $795.
Pregunta 29
Pregunta
Mike's Music paid cash to Sheet Music Supply, $294; covering Purchase Invoice No. 54 for $300, less a 2% discount, $6.00. What is the journal entry for Mike's Music to record this transaction?
Respuesta
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Debit Accounts Payable/ Sheet Music Supply, $294; credit Cash, $294.
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Debit Accounts Payable/ Sheet Music Supply, $300; credit Cash, $300.
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Debit Accounts Payable/ Sheet Music Supply, $300; credit Purchases Discount $6 and credit Cash $294.
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Debit Purchases Discount $6 and debit Cash $294; credit Accounts Payable/ Sheet Music Supply $300.
Pregunta 30
Pregunta
Wally's Wallets paid cash to Leather Products Supply, $437; covering Purchase Invoice No.1284 for $460, less a 5% discount, $23.00. What is the journal entry for Wally's Wallets to record this transaction?
Respuesta
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Debit Accounts Payable Leather Products Supply, $437; credit Cash, $437.
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Debit Accounts Payable/ Leather Products Supply, $460; credit Cash, $460.
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Debit Accounts Payable/ Leather Products Supply, $460; credit Purchases Discount $23 and credit Cash $437.
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Debit Purchases Discount $23 and debit Cash $437; credit Accounts Payable/ Leather Products Supply $460.
Pregunta 31
Pregunta
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?
Respuesta
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Debit Repair Expense $95, debit Office Expense $35, debit Supplies $25 and credit Cash $155.
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Debit Repair Expense $95, debit Office Expense $35, debit Supplies $25 and credit Petty Cash $155.
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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.
Pregunta 32
Pregunta
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?
Respuesta
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Debit Repair Expense $43, debit Supplies $75 and credit Cash $118.
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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, and credit cash $110, credit Cash Short and Over $8.
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Debit Repair Expense $43, debit Supplies $75, debit Cash Short and Over $8, and credit Cash $126.
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