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Depreciation Closing Temporary Ac Uncollectible
Test Description: Depreciation closing temporary ac uncollectible
Instructions: Answer all questions to get your test result.
1) a heating system cost 3400 salvage value 200 useful life 10 years what is the depreciation
A
320
B
310
2) a heating system cost 3800 salvage value 200 useful life 5 years what is the depreciation
A
723
B
720
3) a heating system cost 2500 salvage value 100 useful life 10 years what is the depreciation
A
245
B
240
4) what is the journal entry to write off uncollectible accounts
A
dr uncollectible ac expense cr allowance for uncollectible account
B
dr AR cr allowance for uncollectible
5) supply estimate uncollectible at 3100 what is the entry to record uncollectible
A
dr AR 3100 cr allowance for uncollectible 3100
B
dr uncollectible ac expense 3100 cr allowance for uncollectible account 3100
6) if kim has depreciation expense of 5200 for the fiscal year. what is the journal entry for depreciation expense
A
dr accumulated depreciation 5200 cr depreciation expense 5200
B
dr depreciation expense 5200 cr accumulated depreciation 5200
7) receive a check of 230 for uncollectibel previously written off. what is the entry to reopen the account
A
dr uncollectible expense 230 cr AR 230
B
dr AR 230 cr uncollectible expense 230
8) what are the entry to close sales account
A
dr sales cr income summary
B
dr income summary cr sales
9) what is the entry to close the drawings account
A
dr capital account cr drawings account
B
dr drawings account cr capital account
10) purchase merchandise for cash
A
dr cash cr purchases
B
dr purchases cr cash
*select an answer for all questions
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