Journalizing Part 2

Journalizing Part 2

11th Grade

5 Qs

quiz-placeholder

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Journalizing Part 2

Journalizing Part 2

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Carmi Miguel

Used 12+ times

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5 questions

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1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Received utility bill

Dr. Utilities Expense

Cr. Utilities Payable

Dr. Utilities Payable

Cr. Utilities Expense

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Paid rent using cash but the space can only be used after two months

Dr. Prepaid Rent

Cr. Cash

Dr. Cash

Cr. Prepaid Rent

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Invested cash in the business

Dr. Cash

Cr. Owrner, Capital

Dr. Owrner, Capital

Cr. Cash

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Paid cash to the local government for business permit

Dr. Permit Expenses

Cr. Cash

Dr. Cash

Cr. Permit Expenses

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Made sales and received cash

Dr. Cash

Cr. Sales Revenue

Dr. Sales Revenue

Cr. Cash

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