Accounting Chapter 3.1 Worksheet 4

Accounting Chapter 3.1 Worksheet 4

Assessment

Flashcard

Business

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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11 questions

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1.

FLASHCARD QUESTION

Front

Which account is used for recording cash received from the owner as an investment?

Back

Cash

2.

FLASHCARD QUESTION

Front

What is the transaction code for paying cash for supplies on March 3?

Back

C201

3.

FLASHCARD QUESTION

Front

On March 7, how much cash was paid on account to Supply Mania?

Back

$7,000

4.

FLASHCARD QUESTION

Front

What is the transaction code for paying cash for supplies on March 8?

Back

C204

5.

FLASHCARD QUESTION

Front

On March 9, what was the amount for supplies bought on account from Supply Mania?

Back

$600

6.

FLASHCARD QUESTION

Front

What is the transaction code for paying cash on account to Supply Mania on March 10?

Back

C205

7.

FLASHCARD QUESTION

Front

Which account is used for recording prepaid insurance?

Back

Prepaid Insurance

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