2. Transaction Analysis

Camilla wants her bill form to credit an account other than Accounts Payable. Which of the following is the correct advice to give her regarding standard journal entries for bills?

When materials are used in production, which accounts are affected by the journal entry?

Which of the following T-accounts are increased by credits?

The journal entry to record indirect materials used in production is to:

Which of the following is the most appropriate way to filter a list of journal transactions to view only those that involve a debit to Cash?

A transaction can be ______.

The primary purpose of a source document is to assist in which of the following accounting activities?

Which term refers to transactions that are set up for automated entry in computerized accounting systems?

Which of the following accounts normally has a credit balance?

When an individual deposits a check at the local bank, how should the bank record this transaction in its accounting records?

Which of the following correctly describes the journal entry to record the acquisition of a fixed asset paid by check?

The journal entry to record the purchase of materials on account is a(n):

In recording applied overhead costs, the factory overhead account is:

A debit is used to record which of the following?

When recording a transaction in the general journal, after identifying the accounts involved, what is the next step?