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When an entry is made in the general journal, the accounts to be credited should be indented. the first account entered should be indented. liability, capital, and revenue accounts should be indented. asset accounts should be indented
When an entry is made in the general journal, the accounts to be credited should be indented. bcis.btc.ctc.edu/sdahl/AccountingPracticeTests/.../Chapter%204.rtf
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Asked 8/9/2013 9:30:21 AM
Updated 2/22/2015 10:08:57 AM
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Confirmed by debnjerry [2/22/2015 10:08:58 AM]
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The process of transferring data from the journal to the ledger is known as balancing. journalizing. ledgering posting
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Expert Answered
Updated 8/6/2013 8:30:32 AM
1 Answer/Comment
The process of transferring data from the journal to the ledger is known as: POSTING.
Added 8/6/2013 8:30:32 AM
This answer has been confirmed as correct and helpful.
Rated good by debnjerry, Confirmed by debnjerry [12/27/2014 7:54:09 PM]
When an entry is made in the general journal, (Points : 4) assets should be listed first. accounts to be debited should be listed first. accounts to be increased should be listed first. accounts may be listed in any order.
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Updated 3/26/2016 7:24:54 AM
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When an entry is made in the general journal, accounts to be debited should be listed first.
Added 3/26/2016 7:24:54 AM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [3/26/2016 10:50:33 AM]
The journal entry to record the payment of a monthly utility bill would include a debit to Utilities Expense and a credit to Capital. a debit to Capital and a credit to Cash. a debit to Utilities Expense and a credit to Cash. a debit to Utilities Expense and a credit to Accounts Payable
Weegy: The correct answer is B. Capital; Cash Source: (More)
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Updated 2/22/2015 10:08:34 AM
1 Answer/Comment
The journal entry to record the payment of a monthly utility bill would include a debit to Utilities Expense and a credit to Cash.
Added 2/22/2015 10:08:34 AM
This answer has been confirmed as correct and helpful.
The journal entry to record the purchase of equipment for a $100 cash down payment and a balance of $400 due in 30 days would include a debit to Equipment for $100 and a credit to Cash for $100. a debit to Equipment for $500, a credit to Cash for $100, and a credit to Accounts Payable for $400. a debit to Equipment for $100 and a credit to Accounts Payable for $400. debit to Equipment for $500 and a credit to Cash for $500.
Weegy: The journal entry to record the purchase of equipment for a $100 cash down payment and a balance of $400 due in 30 days would include a debit to Equipment for $500; and a credit to Cash for $100, and a credit to Accounts Payable for $400. ] (More)
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Updated 12/27/2014 7:53:47 PM
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