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
