Question : 171. The verification that the total dollar amount of the debits : 1233825

 

171. The verification that the total dollar amount of the debits equals the total dollar amount of the credits in the ledger is called a A. ledgerB. trial balanceC. accountD. balance sheet

172. The process of transferring the journal entries to the accounts is known as A. postingB. updatingC. journalizingD. summarizing

173. The posting process will include the transfer of the following information from the journal to the account. A. date, amount (debit or credit)B. date, amount (debit or credit), journal page numberC. amount (debit or credit), account numberD. date, amount (debit or credit) account number

174. The post reference columns are used to trace transactions from the journal to the accounts. What will be posted on the post reference column of (a) the journal and (b) on the account? A. (a) the amount of the debit or credit (b) the journal page numberB. (a) the journal page number (b) the date of the transactionC. (a) the journal page number, (b) the account numberD. (a) the account number, (b) the journal page number

175. The chart of account for the Frias Company includes some of the following accounts: 

Account Name

Account Number

Cash

11

Accounts Receivable

13

Prepaid Insurance

15

Accounts Payable

21

Unearned Revenue

24

Capital Stock

31

Dividends

32

Fees Earned

41

Salaries Expense

54

Rent Expense

56

 

 

On the journal page 3, the following transaction was found: 

Prepaid Insurance

1,200

 

      Cash

 

1,200

 

 

 

What is the post reference that will be found on the cash account? A. 11B. 15C. 3D. None

176. The chart of account for the Frias Company includes some of the following accounts: 

Account Name

Account Number

Cash

11

Accounts Receivable

13

Prepaid Insurance

15

Accounts Payable

21

Unearned Revenue

24

Capital Stock

31

Dividends

32

Fees Earned

41

Salaries Expense

54

Rent Expense

56

 

 

On the journal page 3, the following transaction was found: 

Prepaid Insurance

1,200

 

      Cash

 

1,200

 

 

 

What is the post reference that will be found on the Prepaid Insurance account? A. 11B. 15C. 3D. None

177. The chart of account for the Frias Company includes some of the following accounts: 

Account Name

Account Number

Cash

11

Accounts Receivable

13

Prepaid Insurance

15

Accounts Payable

21

Unearned Revenue

24

Capital Stock

31

Dividends

32

Fees Earned

41

Salaries Expense

54

Rent Expense

56

 

 

On the journal page 3, the following transaction was found: 

Prepaid Insurance

1,200

 

      Cash

 

1,200

 

 

 

What is the post reference that will be found on the journal entry? A. 15, 11B. 15C. 11D. 3

178. The chart of account for the Frias Company includes some of the following accounts: 

Account Name

Account Number

Cash

11

Accounts Receivable

13

Prepaid Insurance

15

Accounts Payable

21

Unearned Revenue

24

Capital Stock

31

Dividends

32

Fees Earned

41

Salaries Expense

54

Rent Expense

56

 

 

On the journal page 3, the following transaction was found: 

Cash

750

 

       Fees Earned

 

750

 

 

 

What is the post reference that will be found on the journal entry? A. 41B. 3C. 11, 41D. 11

179. The chart of account for the Frias Company includes some of the following accounts: 

Account Name

Account Number

Cash

11

Accounts Receivable

13

Prepaid Insurance

15

Accounts Payable

21

Unearned Revenue

24

Capital Stock

31

Dividends

32

Fees Earned

41

Salaries Expense

54

Rent Expense

56

 

 

On the journal page 5, the following transaction was found: 

Salaries Expense

300

 

      Cash

 

300

 

 

 

What is the post reference that will be found on the Salaries Expense account? A. 5B. 11C. 54D. None

180. The accounts in the ledger of Mickeys Park Co. are listed in alphabetical order. All accounts have normal balances.

Accounts Payable

500

 

Fees Earned

2,000

Accounts Receivable

800

 

Insurance Expense

300

Investment

1,000

 

Land

2,000

Cash

1,600

 

Wages Expense

400

Dividends

200

 

Capital Stock

1,800

 

 

 

 

 

The total of all the assets is: A. 4,400B. 5,300C. 5,200D. 4,700E. 5,700