Acct 200 Karen Otto Arizona Questions And Answers
With Verified Solutions
The journal entry required to record cash received for football tickets for next season, debits what
account? ANS Cash
The journal entry required when customers pay for services previously rendered on an account, credits
what account? ANS Accounts Receivable
The adjusting entry required to record the expiration of a prepaid insurance policy, debits what account?
ANS Insurance Expense
The adjusting entry required to record services performed on an account, debits what account? ANS
Accounts Receivable
The journal entry required when employees are paid for previously unpaid salaries, debits what account?
ANS Salaries Payable
The journal entry required to record the purchase of supplies on an account, debits what account?
ANS Supplies
The adjusting entry required to record accrued but unpaid employee salaries, credits what account?
ANS Salaries Payable
The journal entry required to record cash received for football tickets for next season, credits what
account? ANS Unearned Revenue
The journal entry required on 1/1/15 to record the purchase of a 1 year insurance policy covering the
period 1/1/15-12/31/15, debits what account? ANS Prepaid Insurance
The adjusting entry required to record accrued but unpaid interest, debits what account? ANS Interest
expense
With Verified Solutions
The journal entry required to record cash received for football tickets for next season, debits what
account? ANS Cash
The journal entry required when customers pay for services previously rendered on an account, credits
what account? ANS Accounts Receivable
The adjusting entry required to record the expiration of a prepaid insurance policy, debits what account?
ANS Insurance Expense
The adjusting entry required to record services performed on an account, debits what account? ANS
Accounts Receivable
The journal entry required when employees are paid for previously unpaid salaries, debits what account?
ANS Salaries Payable
The journal entry required to record the purchase of supplies on an account, debits what account?
ANS Supplies
The adjusting entry required to record accrued but unpaid employee salaries, credits what account?
ANS Salaries Payable
The journal entry required to record cash received for football tickets for next season, credits what
account? ANS Unearned Revenue
The journal entry required on 1/1/15 to record the purchase of a 1 year insurance policy covering the
period 1/1/15-12/31/15, debits what account? ANS Prepaid Insurance
The adjusting entry required to record accrued but unpaid interest, debits what account? ANS Interest
expense
