ACCT.WARD.16.02-02 - 02-02 LEARNING OBJECTIVES: - Recording Transactions ACCREDITING STANDARDS: ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Which of the following entries records the receipt of cash for two months' rent? The cash was received in advance of providing the service. Prepaid Rent, Rent Revenue, credit. Cash, debit; Unearned Rent, credit. Cash, debit; Prepaid Rent, credit. Cash, debit; Rent Expense credit. b ANSWER: Challenging DIFFICULTY: Bloom’s: Remembering ACCT.WARD.16.02-02 - 02-02 LEARNING OBJECTIVES: ACCT.WARD.16.02-03 - 02-03 - Recording Transactions ACCREDITING STANDARDS: ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic A client has a massage and asks the company bookkeeper to mail her the bill. The bookkeeper should make which entry to record the invoice? No entry until the cash is received Fees Earned, debit; Accounts Receivable, credit Cash, debit; Fees Earned, credit Accounts Receivable, debit; Fees Earned, credit d ANSWER: Challenging DIFFICULTY: Bloom’s: Remembering ACCT.WARD.16.02-02 - 02-02 LEARNING OBJECTIVES: ACCT.WARD.16.02-03 - 02-03 ACCT.ACBSP.APC.06 - Recording Transactions ACCREDITING STANDARDS: ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Which of the following abbreviations is correct? Trial Credit “Dr”, “Cd” Debit Credit “Db”, “Cr” Debit Credit “Db”, “Cd” Debit Credit “Dr”, “Cr” d ANSWER: Moderate DIFFICULTY: Bloom’s: Remembering
LEARNING OBJECTIVES: ACCT.WARD.16.02-02 - 02-02 ACCREDITING STANDARDS: - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Which of the following entries records the receipt of cash for two months' rent? The cash was received in advance of providing the service. Prepaid Rent, Rent Revenue, credit. Cash, debit; Unearned Rent, credit. Cash, debit; Prepaid Rent, credit. Cash, debit; Rent Expense credit. ANSWER: b DIFFICULTY: Challenging Bloom’s: Remembering LEARNING OBJECTIVES: ACCT.WARD.16.02-02 - 02-02 ACCT.WARD.16.02-03 - 02-03 ACCREDITING STANDARDS: - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic A client has a massage and asks the company bookkeeper to mail her the bill. The bookkeeper should make which entry to record the invoice? No entry until the cash is received Fees Earned, debit; Accounts Receivable, credit Cash, debit; Fees Earned, credit Accounts Receivable, debit; Fees Earned, credit ANSWER: d DIFFICULTY: Challenging Bloom’s: Remembering LEARNING OBJECTIVES: ACCT.WARD.16.02-02 - 02-02 ACCT.WARD.16.02-03 - 02-03 ACCREDITING STANDARDS: ACCT.ACBSP.APC.06 - Recording Transactions ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Which of the following abbreviations is correct? “Dr”, Credit “Cd” Debit “Db”, Credit “Cr” Debit “Db”, Credit “Cd” Debit “Dr”, Credit “Cr” ANSWER: d DIFFICULTY: Moderate Bloom’s: Remembering Trial
Test-Bank-for-Accounting-26th-Edition-by-Warren.docx