Choose the answer. How would vou record a receipt showing that cash was received from the owner as an investment? '3} credit Cash, debit Sales O debit Cash, credit Capital (3' debit Cash, credit Accounts Receivable (j credit Cash, debit Drawing Previous Page Page 4 Of 20 Question 5 [3 polnts} Choose the answer. A slngleline rule across the bottom of the columns in a journal indicates that: {3' It's the end of the month. 0 The column totals have been checked and are verified to be correct. 0 Columns need to be added. {3' Cash has been proved. Question 6 (3 points) Choose the answer. How do you correct an error in a journal entry? O Draw a line through the error to cancel it. OWrite the correct entry above the canceled error. O Do not try to erase it. O all of the aboveQuestion F (3 points} Choose the answer. Which journal columns are used when cash is paid on account? 0 Sales credit and Cash debit 0 General credit and Sales debit 0 General credit and Cash debit 0 General debit and Cash credit Question 8 [3 points} Cheese the answer. Which journal columns are used when cash is paid for a business expense? C} General credit and Cash debit D General debit and Sales credit 0 General debit and Expense credit 0 General debit and Cash credit Question 9 (3 points) Choose the answer. A source document that orders the bank to pay cash from a bank account is called a(n): O receipt O check O invoice O journalQuestion 10 (3 points) Choose the answer. A source document showing that cash was received is called a(n): O journal check invoice O receiptQuestion 11 {3 points} Choose the answer. The concept that you record a debit and credit for each transaction is called: /_'\\ . kw) Journaling O memorandum /_\\ . '\\_/' doubleentry accounting /_'\\. '\\_/' proving cash Question 12 (3 points) Choose the answer. The column section of the journal that is not headed by an account title is called: O entry O general amount column journal section O special amount columnQuestion 13 (3 points) Choose the answer. A document that includes a brief message describing a transaction is called a(n): O journal invoice O receipt O memorandumQuestion 14 {3 points} Choose the answer. Verifying that the cash total is the same as the accounting records is called: /_"\\ _ '\\_/' double-line rule /_"\\ '\\_/' proving cash 0 doubleentry accounting /_'\\ . + kw) standard accounting practices Choose the answer. The accounting concept that uses source documents when preparing to record a transaction is called: double-entry accounting O objective evidence O chronological record O double-line ruleQuestion 16 {3 points} Choose the answer. What is the first step used when journaling a transaction entry? 0 Record the date. {3' Record the source document. {3' Record the credit amount. 0 Record the debit amount. Question 17 (3 points) Choose the answer. What do you specify as the account title when you have reached the end of a journal page to indicate the totals for that page? O carried forward O end of journal page O brought forward O totalsQuestion 13 {3 points} Choose the answer. What is the formula for proving cash? {3' cash on hand minus cash debit column equals checkbook stub balance 0 cash balance at the end of the month minus cash on hand at the beginning of the month /_\\ . . . '\\_/' cash on hand plus cash received minus cash paid equals cash balance /_\\ '\\_/' cash on hand plus cash credit column equals cash balance Question 19 {3 points} Choose the answer. Which journal columns are used when services are sold on account? {3' Cash credit and General debit {3' Sales credit and Cash debit 0 Sales debit and General credit 0 Sales credit and General debit Question 20 (3 points) Choose the answer. Which transaction requires that a checkmark be placed in the General account title and Post Ref. columns? O paid cash for expenses O received cash from sales O sold services on account O received cash from owner as an investment