Acct212 week 2 quiz Study guides, Class notes & Summaries
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ACCT212 - Week 2 - Quiz (100% CORRECT SOLUTIONS)
- Exam (elaborations) • 7 pages • 2023
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ACCT212 - Week 2 - Quiz (100% CORRECT SOLUTIONS)
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ACCT212 - Week 7 - Quiz - Ensure All Answers Are Correct And Accurate For Full Credit In This Week's Assessment.
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ACCT212 - Week 7 – Quiz – With 100% Correct Answers 1. The advantages of a corporation compared to a sole proprietorship or partnership include: 2. Preferred stock is called preferred because it usually has two preferences over common stock. These preferences relate to: 3. When a company issues 35,000 shares of $3 par value common stock for $30 per share, the journal entry for this issuance would include: 4. Environmental Designs issues 5,000 shares of its $1 par value common stock at $18 pe...
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ACCT 212 ACCT212 - Week 2 - Quiz (100% Correct Solutions) | Already GRADED A
- Exam (elaborations) • 7 pages • 2023
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After transactions are recorded in the journal, they are posted to 
the: 
A list of all account names used to record transactions of a company 
is referred to as a: 
 
Which step in the process of measuring external transactions 
involves assessing the equality of total debits and total credits?
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ACCT212 WEEK 2 QUIZ,100% CORRECT
- Exam (elaborations) • 3 pages • 2020
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A company completed the following transactions during the month of October:
I. Purchased office supplies on account, $ 5,800.
II. Provided services for cash, $ 24,000.
III. Provided services on account, $ 33,000.
IV. Collected cash from a customer on account, $ 27,000.
V. Paid the monthly rent of $ 4,600.
What was the company's total revenue for the month?
A.$ 24,000
B.$ 84,000
C.$ 57,000
D. $ 33, 000

A company completed the following transactions during the month of October:
I. Purchased offi...
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ACCT212 Week 2 Quiz Latest /Verified Answer/All correct/Score 100%
- Exam (elaborations) • 4 pages • 2021
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ACCT212 Week 2 Quiz Latest /Verified Answer/All correct/Score 100% 
ACCT212 Week 2 Quiz Latest /Verified Answer/All correct/Score 100% 
ACCT212 Week 2 Quiz Latest /Verified Answer/All correct/Score 100% 
ACCT212 Week 2 Quiz Latest /Verified Answer/All correct/Score 100% 
ACCT212 Week 2 Quiz Latest /Verified Answer/All correct/Score 100%
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ACCT 212 Week 2 Quiz
- Exam (elaborations) • 4 pages • 2020
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1.	Question: A company completed the following transactions during the month of October:
2.	Question: A company had credit sales of $ 34,000 and cash sales of $ 20,000 during the month of May. Also during May, the company paid wages of $ 25,000 and utilities of $ 10,000. It also received payments from customers on account totaling $ 5,200. What was the company's net income for the month?
3.	Question: A company received $ 34,000 cash and issued common stock in exchange. How does this transaction ...
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ACCT212 Week 2 Quiz Latest 2017
- Exam (elaborations) • 4 pages • 2018
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Question 1
3 / 3 pts
(TCO 2) The debt created by a business when it makes a purchase on account is a(n)
revenue.
prepaid expense.
account receivable.
account payable.
Question 2
3 / 3 pts
(TCO 2) A company performed services for a customer for cash. This transaction increased assets and
decreased equity.
increased liabilities.
increased expenses.
increased revenues.
Question 3
3 / 3 pts
(TCO 2) A company performs services for a client on account. When the company receives the cash from the custo...
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ACCT212 Week 2 Quiz Latest 2017 (All correct)
- Exam (elaborations) • 4 pages • 2018
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- $10.49
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Question 1
3 / 3 pts
(TCO 2) The debt created by a business when it makes a purchase on account is a(n)
revenue.
prepaid expense.
account receivable.
account payable.
Question 2
3 / 3 pts
(TCO 2) A company performed services for a customer for cash. This transaction increased assets and
decreased equity.
increased liabilities.
increased expenses.
increased revenues.
Question 3
3 / 3 pts
(TCO 2) A company performs services for a client on account. When the company receives the cash from the cust...
-
ACCT212 Week 2 Quiz Latest 2017
- Exam (elaborations) • 4 pages • 2018
-
- $7.49
- + learn more
Question 1
3 / 3 pts
(TCO 2) The debt created by a business when it makes a purchase on account is a(n)
revenue.
prepaid expense.
account receivable.
account payable.
Question 2
3 / 3 pts
(TCO 2) A company performed services for a customer for cash. This transaction increased assets and
decreased equity.
increased liabilities.
increased expenses.
increased revenues.
Question 3
3 / 3 pts
(TCO 2) A company performs services for a client on account. When the company receives the cash from the custo...
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