either the word "debit" or the word "credit." A. The Bank account normally has a B. A revenue account normally has a C. An expense account normally has a D. Paying a creditor involves a, E. The Drawings account receives a money for personal use. F. A lawyer gives a cash refund to a customer. The Bank account will receive a G. Supplies are bought on credit. The Supplies account will receive a entry and the supplier's account payable will receive a entry. H. The Drawings account will not normally receive I. An increase in equity can be thought of as a_ J. Net income can be thought of as a to the Capital account. K. Net loss can be thought of as a L. The owner takes a computer from the business for his personal (perma- nent) use. The Drawings account will receive a balance. balance. balance. entry to the creditor's account. entry when the owner withdraws entry and the Revenue account will receive a entry. entries. to the Capital account. to the Capital account. entry.

Select the banking terms from drop down to match with the correct definition. Definitions   Banking Terms a.   A check that has been paid by the bank on behalf of the depositor.   select a banking term                                                           Automated teller machine (ATM)Electronic funds transfer (EFT)MakerDepositorDebit memorandumPayeeBank statementPayerCredit memorandumDeposit slipCheckCanceled checkSignature cardEndorsement b.   A disbursement system that uses wire, telephone, or computers to transfer cash balances from one location to another.   select a banking term                                                           EndorsementBank statementDeposit slipDebit memorandumCheckDepositorElectronic funds transfer (EFT)PayeeSignature cardPayerCanceled checkCredit memorandumAutomated teller machine (ATM)Maker c.   A document provided by the bank that requires the signature of all authorized signers of checks.   select a banking term…

Which one of the following is true of a signature​ card?         A. It is the same as a deposit receipt and acts as a proof of the deposit transaction.   B. It can be used as a debit card.   C. It can only be used for bank accounts of​ individuals, not for the bank accounts of businesses.   D. It shows each authorized​ person's signature for a bank account.

4

Match the terms with the definitions.     A journal designed for recording only certain kinds of transactions.   A special journal used to record only transactions involving the receipt of cash.   A special journal used to record only sales on account.   A special journal used to record transactions involving the payment of cash.   A special journal used to record only purchases of merchandise on account. a. cash payments journal b. cash receipts journal c. sales journal d. special journal e. purchases journal

How do you record a debit card purchase in Quickbooks? A. Use the Enter Bills window to enter the information, then immediately go to the Pay Bills window and prepare th check. B. Prepare a journal entry to debit the expense account of the purchase and credit cash. C. Wait until you do the bank reconciliation and enter one journal entry for all of your debit card purchases. D. Using the Write Checks window, in the No. field,type “Debit.” Enter the vendor name and amount in the check area.

The sales journal is used to record______.      cash      sales on account      debit transactions      credit cards

Which of the following credit checks would be considered a soft check? A. Vehicle loan application B. job application C. student loan application D. Credit card application   I don't need explanation just the answer :)

1. The column in the cash receipts journal that will always be debited is A. cash column B. sales discount column C. sundry amount column D. sales column 2. Each time an entry is recorded in the purchases journal, the credit would be entered in the A. purchase column B. accounts payable column C. accounts receivable column D. none of the above 3. Infrequent sales returns would appear in which journal? A. sales B. general C. cash receipts D. cash disbursements 4. The controlling account in the general ledger that summarizes the debits and credits to the individual accounts in the customer's ledger is entitled A. Accounts Receivable B. Accounts Payable C. Sales D. Purchases 5. The individual amounts in the “Accounts Payable" column of the purchases journal are posted to the appropriate account in the A. general ledger B. general journal C. accounts payable ledger D. accounts receivable ledger

Customer deposits (prepayments) are recorded - Select one: a. as debits to accounts receivable for the customer b. as negative sales invoices C. as credits to accounts receivable for the customer O d. when the customer makes a partial payment on account