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| 1 | |
The date for the end of the first quarter is: |
| | A) | December 31. |
| | B) | January 31. |
| | C) | February 28. |
| | D) | March 31. |
| | E) | None of the above. |
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| 2 | |
The source document for ordering inventory is: |
| | A) | Memo. |
| | B) | Sales Receipt. |
| | C) | Transaction Register. |
| | D) | Bill. |
| | E) | None of the above. |
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| 3 | |
The source document that shows sales to customers on account is a: |
| | A) | Transaction Register. |
| | B) | Sales Invoice. |
| | C) | Sales Receipt. |
| | D) | Bill |
| | E) | None of the above. |
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| 4 | |
To make sure you are starting Chapter 10 in the correct place in the data, display this report: |
| | A) | January 1 through March 31 A/P Aging Summary. |
| | B) | Inventory Valuation Summary. |
| | C) | Account 101 Checking Register. |
| | D) | January 1 through February 28 Trial Balance. |
| | E) | None of the above |
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| 5 | |
In Chapter 10, all transactions occurred in: |
| | A) | February. |
| | B) | March. |
| | C) | April. |
| | D) | May. |
| | E) | None of the above. |
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| 6 | |
This type of transaction includes a field for selecting the credit card used: |
| | A) | Sales Invoices. |
| | B) | Memo. |
| | C) | Bill. |
| | D) | Sales Receipt. |
| | E) | None of the above. |
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| 7 | |
When a vendor is paid, the following document is shown: |
| | A) | Sales Invoice. |
| | B) | Sales Receipt. |
| | C) | Remittance. |
| | D) | Check. |
| | E) | None of the above. |
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| 8 | |
The following report is printed before the end-of-quarter transactions are journalized and posted: |
| | A) | Profit and Loss. |
| | B) | Balance Sheet. |
| | C) | Adjusted Trial Balance. |
| | D) | Unadjusted Trial Balance. |
| | E) | All of the above. |
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| 9 | |
After recording the adjusting entry for rent paid on January 1, Account 125 Prepaid Rent has this balance: |
| | A) | $6,000.00. |
| | B) | $0.00. |
| | C) | $1,500.00. |
| | D) | $53,493.52. |
| | E) | None of the above. |
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| 10 | |
To adjust depreciation, debit and credit the following accounts: |
| | A) | Debit Accumulated Depreciation, Credit Depreciation Expense. |
| | B) | Debit Computer Equipment, Credit Accumulated Depreciation. |
| | C) | Debit Depreciation Expense, Credit Accumulated Depreciation. |
| | D) | Debit Depreciation Expense, Credit Computer Equipment. |
| | E) | None of the above. |
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