For each of the following accounts, indicate whether its normal balance is on the credit side or the debit side of the T account. Credit side Debit side Moderate DIFFICULTY: Bloom's: Remembering FNMN.WARD.16.02-02 - LO: 02-02 LEARNING OBJECTIVES: ACCT.ACBSP.APC.02 - GAAP ACCREDITING STANDARDS: ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Common Stock a ANSWER: Accounts Receivable b ANSWER: Accounts Payable a ANSWER: Interest Earned a ANSWER: Copyrights b ANSWER: Several of errors can be made during the journalizing and posting process. Match the following with their best description. balance preparation errors Account balance errors Posting errors Challenging DIFFICULTY: Bloom's: Remembering FNMN.WARD.16.02-04 - LO: 02-04 LEARNING OBJECTIVES: ACCT.ACBSP.APC.02 - GAAP ACCREDITING STANDARDS:
For each of the following accounts, indicate whether its normal balance is on the credit side or the debit side of the T account. Credit side Debit side DIFFICULTY: Moderate Bloom's: Remembering LEARNING OBJECTIVES: FNMN.WARD.16.02-02 - LO: 02-02 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 - GAAP ACCT.AICPA.FN.03 - Measurement BUSPROG: Analytic Common Stock ANSWER: a Accounts Receivable ANSWER: b Accounts Payable ANSWER: a Interest Earned ANSWER: a Copyrights ANSWER: b Several of errors can be made during the journalizing and posting process. Match the following with their best description. balance preparation errors Account balance errors Posting errors DIFFICULTY: Challenging Bloom's: Remembering LEARNING OBJECTIVES: FNMN.WARD.16.02-04 - LO: 02-04 ACCREDITING STANDARDS: ACCT.ACBSP.APC.02 - GAAP
test-bank-financial-managerial-accounting-13th-edition-warren.docx