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PST Quiz PA Chap 2
PST Quiz PA Chap 2
→ debit to Cash and a credit to Common Stock. (Người chủ đầu tư vào cty và nhận
đc cổ phần → Tiền cty tăng, cổ phần tăng)
10. Which of the following items would NOT be included in the journal entry
for a transaction?
A $80,000 Debit
B. $80.000 Credit
c. $68.000 Debit
D. $68,000 Credit
12. Two employees worked one week and were paid salaries of $2500. The
journal entry would:
A) debit Cash for $2,500 and credit Salaries Payable for $2,500.
B) debit Cash for $2,500 and credit Salary Expense for $2,500.
C) debit Accounts Payable for $2,500 and credit Salary Payable for $2,500.
D) debit Salary Expense for $2,500 and credit Cash for $2,500.
13. A business paid $2500 on account. The journal entry would: (Payment
A) debit Accounts Receivable for $2,500 and credit Revenue for $2,500.
B) debit Accounts Payable for $2,500 and credit Cash for $2,500.
C) debit Cash for $2,500 and credit Retained Earnings for $2,500.
D) debit Cash for $2,500 and credit Accounts Payable for $2,500.
balance.
15. Decreases in stockholders' equity that result from the cost of operating
Revenues: are increases in stockholders equity that result from delivering goods or
Retained Earnings)