A list of all accounts and their balances which is used to prove the equality of debits and credits as of a specific date is a(an)
a. Account
b. General Journal
c. Trial Balance
d. Chart of Accounts
c
You might also like to view...
Which of the following responses to a challenge would be considered most like satisficing?
A. Panic B. Relaxed avoidance C. Relaxed change D. Decreased involvement E. Defensive avoidance
Moonlight Company wrote off the account of one of its customers, X, in 2018 for $500. On January 21, 2019, X unexpectedly repaid his account in full. The company uses the direct write-off method to account for uncollectible receivables. Journalize the entries required for Moonlight Company on January 21, 2019. Omit explanations.
What will be an ideal response?
Stealth, Inc. produces two types of drones, rotary and fixed wing. Stealth estimated $850,000 of manufacturing overhead, and 62,500 machine hours for the year. The allocation base for overhead costs is machine hours. The rotary model actually consumed 28,000 machine hours, and the fixed wing type consumed 34,500 machine hours. How much overhead is allocated to the fixed wing model? (Round intermediary calculations to the nearest cent.)
A) $380,800 B) $469,200 C) $280,000 D) $234,600
Which of the following is an example of a staff position?
a. plant manager b. head of human resources c. All of these choices are examples of staff positions. d. chief foreman of the factory