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Assume that the chart of accounts for Roth Co. includes the following accounts:  Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 3,Roth Co. purchased equipment on account, $5,000.  Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (2) as the credit account for the $5,000 amount.                                               JOURNAL                                                  page 2   date description p.ref. debit CREDIT 7/03/Y6 (1)   $5,000       (2)     $5,000      

The balance in the equipment account before adjustment on December 31 at the end of the current year is $60,000 and the balance of accumulated depreciation on December 31 at the end of the current year is $24,000. The adjustment amount for depreciation for the year is $12,000. What account should be debited in the journal (1) and for what amount to record the adjusting entry to record this depreciation based on this information?                                       JOURNAL                                                     Page     25 date description p.ref. debit CREDIT Adjusting Entries 12/31 (1)   ?       (2)     ?  

The balance in the supplies account before adjustment on December 31 at the end of the current year is $6,000. The amount of supplies on hand is $1,000. What account should be credited in the journal (2) and for what amount to record the adjusting entry for supplies based on this information?                                       JOURNAL                                                     Page     25 date description p.ref. debit CREDIT Adjusting Entries 12/31 (1)   ?       (2)     ?  

The assets and liabilities of So So Service at December 31, 20Y2, the end of the current year, and its revenue and expenses for the year are listed below.  The amount of capital of the owner, A. Southern, was $174,000 at December 31, 20Y2, the end of the current year after the statement of owner’s equity was prepared.  Using the information below, determine the amount of the total assets that should be listed on the balance sheet as of December 31, 20Y2.   Accounts payable  20,000 Accounts Receivable 40,000 Cash 120,000 Fees earned 200,000 Land 30,000 Miscellaneous expense 2,000 Rent  expense 18,000 Supplies 1,000 Supplies expense 3,000 Wages expense 100,000

Which kind of training format tends to be the highest cost method?

A certain honey nut cereal contains 22.0 grams of sugar (sucrose, C12H22O11, 342 g/mole) per serving. How many servings of this cereal must be eaten to consume 0.0359 moles of sugar?

The balance in the salaries expense account before adjustment on December 31 at the end of the current year is $52,000. The amount of accrued salaries for December 30 and 31 are $500. What account should be debited in the journal (1) and for what amount to record the adjusting entry for accrued salaries based on this information?                                       JOURNAL                                                     Page     25 date description p.ref. debit CREDIT Adjusting Entries 12/31 (1)   ?       (2)     ?  

10 questions in 12 minutes 

CBT or WBT for those preparing for certification exams are ____ courses.

A small group training session usually includes ____ trainees.