Multiple Choice
For both accounts and amounts,the standard formatting for a journal entry lists:
A) credits first and then debits,both aligned to the left.
B) credits first and then debits,indented underneath.
C) debits first and then credits,both aligned to the right.
D) debits first and then credits,indented to the right underneath.
Correct Answer:

Verified
Correct Answer:
Verified
Q4: On January 1,Kirk Corporation had total assets
Q5: Match the term with its definition.(There are
Q6: A company borrows money from a bank.The
Q7: At the start of the first year
Q8: The cost principle is used:<br>A)to refer to
Q10: Which of the following transactions for Bill's
Q11: A current asset is one that the
Q12: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1221/.jpg" alt=" What is the
Q13: The current ratio can be used to
Q14: For each of the following,indicate how the