15. Question 15 The preparation of financial statements and closing the books is the ______ step of the accounting cycle. 1 point last third fourth second Incorrect Incorrect. The…
13. Question 13 Which of the following lists general ledger account balances at the end of a reporting period, before any adjusting entries are made? 1 / 1 point The Balance Sheet…
3. Question 3 A listing of the names of the accounts that a company has identified and made available for recording transactions in its general ledger is known as a:…
20. Question 20 Pepper Consulting bought computers with credit from PYO Suppliers and entered the sale into QuickBooks. The transaction journal would show the following entry: 1 / 1 point Debit: Sales…
19. Question 19 In the first month of operations, Pepper Consulting’s total debit entries to the cash account amounted to $900, and the total credit entries to the cash account…
17. Question 17 Francis enters a $100 check received from a customer into QuickBooks online. If she views the Transaction Journal, which account would show as being debited $100? 1 / 1 point…
12. Question 12 Which of the following financial statements reports the sources and uses of cash by a business? 1 / 1 point Statement of Equity Statement of Cash Flow The Balance…
8. Question 8 Sydney is entering a transaction in QuickBooks. What are the two steps of manual accounting that will happen simultaneously as she does this? 1 / 1 point Entering an…
7. Question 7 A form or statement that lists the titles and balances of all ledger accounts at a given date is known as: 1 / 1 point Statement of retained earnings…
5. Question 5 The accounting cycle starts with the: 1 / 1 point Analysis of business transactions Preparation of adjusting entries Preparation of a trial balance Preparation of ledger accounts Correct…
