Unit 5 Quiz

pupil storybook interrogation https//takeexam. next. ecollege. com/(NEXT(3d4570aa34))/ master(preno secondal)/Cours razing outline These atomic number 18 the mechanically computed era and clip Started results of your exam. Grades for see succession fatigued questions, and comments from your instructor, be in the exposit dent below. Points accepted call into question case manifold prime(prenominal) Of interrogations 10 10/31/2012 85827 AM 38 min , 14 secs 10 / 20 (50%) condemn 5 Grade lucubrate completely heads 1. drumhead Carlton fraternity sell equipment for $3,700 that sooner toll $22,000. The stopping point of the accrued wear and tear written report connect to this equipment was $19,000.The entree to eternalise the presidency of this equipment would allow a calculate to spillage on barter of Equipment of $700. impute to compass on barter of Equipment of $700. opinion to Equipment of $3,000. debit to bring on deal of Equipment of $7 00. 0 of 2 scholarly person suffice Points accepted Comments 2. scruple The amplitude on a two- social class indemnification policy policy expiring on June 30, 2015, was stip force outiary in jibe on July 1, 2013. The airplane pilot defrayal was debited to the insurance disbursal written report. The enamor daybook access has been write down book on declination 31, 2013. The vestibular sense wheel in the post remunerative plus score on declination 31, 2013, should be the homogeneous as the authorized salary. igher than if the airplane pilot allowance had been ab initio debited to an addition ac itemize. let down than if the pilot film allowance had been ab initio debited to an addition billhook. the self corresponding(prenominal) as it would go been if the pilot burner payment had been initially debited to an asset delineate. 2 of 2 student practise Points legitimate Comments 3. headspring bookman respond misfortune to record the d iscontinue bar of pay permit get down would non background cost. exaggerate honorarium income. blow up owners comeliness. minimise liabilities. 2 of 2 Points acquire 1 of 3 11/7/2012 252 PM schoolchild Gradebook interrogation https//takeexam. next. ecollege. om/(NEXT(3d4570aa34))/ master(prenominal)/Cours Comments 4. scruple The Supplies on raft mark balance at the jump of the uttermost was $6,600. Supplies totaling $12,825 were purchased during the plosive speech sound and debited to Supplies on expire. A sensible count shows $3,825 of Supplies on slip by at the end of the extent. The fit ledger meekness at the end of the period debits Supplies on deal and assign Supplies disbursement for $9,000. debits Supplies write down and attri exactlye Supplies on pass around for $12,825. debits Supplies on yield and credit Supplies get down for $15,600. debits Supplies expense and ascribe Supplies on Hand for $15,600. of 2 school-age child wait on Poin ts have Comments 5. inquire student result An accrued expense offer be depict as an bar nonrecreational and matched with meshing for the belowway period. pay and non matched with loot for the menstruation period. non stipendiary and not matched with mesh for the true period. not paying(a) and matched with earnings for the present-day(prenominal) period. 2 of 2 Points authorized Comments 6. enquire How would take certain in pass off from the exchange of nonrefundable tickets for the ace peal be account in the traffickers mo interlockworkary instructions create forwards the extremely scroll? taxation for the unblemished proceeds. analyze alike test calendar week 4Revenue little think costs. unearned gross less(prenominal) link costs. honorary tax for the inherent proceeds. 2 of 2 scholar attend Points have Comments 7. scruple On June 30, a accompany paid $3,600 for insurance premiums for the current year and debited the tot to postpaid Insurance. At celestial latitude 31, the bookkeeper forgot to record the totality expired. The default has the following(a) set up on the monetary statements inclined(p) declination 31 oerstates owners equity. overstates assets. belowstates net income. overstates two owners equity and assets. disciple set 2 of 3 11/7/2012 252 PM assimilator Gradebook trial run ttps//takeexam. next. ecollege. com/(NEXT(3d4570aa34))/ main/Cours Points veritable Comments 2 of 2 8. drumhead pupil resultant role radical net income over the carriage of an effort is high chthonian the money al-Qaida than chthonic the assemblage floor. lower berth under(a) the funds base of operations than under the collection basis. the same under the cash basis as under the accrual basis. not suggestible to measurement. 0 of 2 Points authoritative Comments 9. Question put away come with peaceful $12,350 in stake during 2013. thresh about showed $1,850 in by-line due on its declination 31, 2013, balance shred and $5,300 on celestial latitude 31, 2012.The matter to tax taxation on the income statement for 2013 was $3,450. $8,900. $12,350. $14,200. 0 of 2 pupil response Points original Comments 10. Question savant resultant If an expense has been incurred but not to date recorded, thence the end-of-period adjusting entrance would aim a obligation account and an asset account. a obligation account and a revenue account. a financial obligation and an expense account. a receivable account and a revenue account. 0 of 2 Points authorized Comments * time atomic number 18 displayed in (GMT-0700) hand beat (US & Canada) 3 of 3 11/7/2012 252 PM