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College Accounting: A Practical Approach ¦ Slater, Zwicker ¦ 12th Edition
Question List for "College Accounting: A Practical Approach"
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Accounting
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Adjustments are journalized before recording them in the worksheet.
Started by
jazziefee
57
Nov 11, 2019
Accounting
»
The ending inventory is adjusted by debiting Income Summary and crediting Merchandise Inventory.
Started by
mcmcdaniel
107
Nov 11, 2019
Accounting
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The beginning inventory is adjusted by crediting Merchandise Inventory and debiting Income Summary.
Started by
bobthebuilder
108
Nov 11, 2019
Accounting
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Under the periodic inventory system, an adjustment is made on the worksheet for inventory.
Started by
Caiter2013
101
Nov 11, 2019
Accounting
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The amount for beginning inventory is not needed when calculating Cost of Goods Sold.
Started by
leo leo
146
Nov 11, 2019
Accounting
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Unearned Revenue is a liability account used to record rent fees received in advance.
Started by
jake
90
Nov 11, 2019
Accounting
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The amount of supplies used causes a decrease in Supplies and an increase in expense.
Started by
Jramos095
66
Nov 11, 2019
Accounting
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When the adjustment is made for depreciation, both the Depreciation Expense account and Accumulated ...
Started by
stevenposner
115
Nov 11, 2019
Accounting
»
Unearned Rent is a balance sheet account.
Started by
lidoalex
85
Nov 11, 2019
Accounting
»
The beginning inventory is assumed to be sold; therefore, it is added to cost of goods sold.
Started by
theo
80
Nov 11, 2019
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