1) The bookkeeper for MontroseMontrose Company wrote a check for $ 200$200 to pay for...
60.1K
Verified Solution
Link Copied!
Question
Accounting
1) The bookkeeper for MontroseMontrose Company wrote a check for $ 200$200 to pay for furnace maintenance. The check was incorrectly recorded in the general journal as $ 20$20. The entry to correct this error would be:
A.
decrease Cash by $ 200$200.
B.
increase Cash by $ 180$180.
C.
increase Repairs and Maintenance Expense by $ 200$200.
D.
increase Repairs and Maintenance Expense by $ 180$180
2) All of the following items are included on the balance sheet as Cash and Cash Equivalents except
A.
certificates of deposit.
B.
time deposits.
C.
4-week U.S. Treasury bills.
D.
all of the above are included.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.