Multiple Choice
During the month of June, Charles Green invested $5,000 in starting his company, Green Lawn Service. The proper journal entry would be
A) Cash 5,000 Charles Green, Capital 5,000
B) Charles Green, Capital 5,000 Cash 5,000.
C) Cash 5,000 Lawn Service Fees 5,000
D) Charles Green, Capital 5,000 Cash 5,000
Correct Answer:
Verified
Correct Answer:
Verified
Q13: If the Owner's Equity account increases during
Q14: A journal is considered to be a
Q15: Revenue is traditionally recognized in the accounting
Q16: Which of the following errors would cause
Q17: Transactions are entered in a journal by<br>A)
Q19: A credit to an asset account was
Q20: The trial balance lists the accounts<br>A) alphabetically.<br>B)
Q21: A ledger is called the book of
Q22: The final step of posting is<br>A) calculating
Q23: If Fees Earned has been credited, it