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Accounting -Chapter 10
Test Description: Working on debits and credits
Instructions: Answer all questions to get your test result.
1) Purchased merchandise on account from Smith Company.
A
debit Purchases; credit Accounts Payable
B
debit Purchases; credit Accounts Receivable
C
debit Merchandise; credit Cash
D
debit Purchases; credit Cash
2) Purchased merchandise for cash.
A
debit Purchases; credit Accounts Payable
B
debit Purchases; credit Cash
C
debit Supplies; credit Cash
D
debit Merchandise, credit Cash
3) Paid cash on account to Smith Company.
A
debit Cash, credit Accounts Receivable
B
debit Accounts Payable; credit Purchases
C
debit Accounts Receivable, credit cash
D
debit Accounts Payable; credit cash
4) Paid cash for advertising expense.
A
debit Cash; credit Advertising Expense
B
debit Utilities Expense; credit Cash
C
debit Advertising Expense; credit Cash
D
debit Supplies; credit Cash
5) Joe Jones, partner, withdrew cash for personal use.
A
debit Joe Jones, Drawing; credit Purchases
B
debit Purchases; credit Joe Jones, Drawing
C
debit Joe Jones, Drawing; credit Cash
D
debit Joe Jones, Drawing; credit Supplies
6) Joe Jones, partner withdrew merchandise for personal use.
A
debit Purchases; credit Joe Jones, Drawing
B
debit Joe Jones, Drawing; credit Cash
C
debit Cash; credit Joe Jones, Drawinag
D
debit Joe Jones, Drawing; credit Purchases
7) Replenished the petty cash fund: Supplies--Store and Supplies--Office
A
debit Cash; credit Supplies-Store and Supplies--Office
B
debit Petty Cash; credit Cash
C
debit Supplies-Store and Supplies-Offfice; credit Cash
D
debit Cash; credit Petty Cash
8) Bought Store Supplies on account from Jones Supply Compnay.
A
debit Supplies-Office; credit Cash
B
debit Supplies-Store; credit Cash
C
debit Supplies-Store; credit Accounts Receivable
D
debit Supplies-Store; credit Accounts Payable
9) Paid cash for Office Supplies.
A
debit Supplies-Store; credit Accounts Payable
B
debit Supplies-Office; credit Cash
C
debit Supplies-Store; credit Cash
D
debit Supplies-Office; credit Accounts Receivable
10) Paid cash for telephone bill.
A
debit Accounts Payable; credit Cash
B
debit Utilities Expense; credit Accounts Payable
C
debit Utilities Expense; credit Cash
D
debit Cash; credit Utilities Expense
*select an answer for all questions
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