 |
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 Receipts. |
|  | 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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