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CH-3 Analyzing and Journalizing Transactions

Quiz by Shouq Isa Rashid Aldoseri

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Q 1/5

Score 0

What is the normal balance of Assets?

Debit

Credit

Q 5/5

Score 0

On Sept ,8 2020, Ali's Company purchased furniture for BD19,000 from Saleh Est. paid cash BD5,000 and balance on account. It was recorded in the general journal:

Dr. Furniture BD19,000 and Cr. Cash BD5,000, Cr. A/c Payable BD14,000

Dr. A/c Payable BD14,000, Dr. Cash BD5,000 and Cr. Furniture BD19,000

Dr. A/c Payable BD19,000 and Cr. Cash BD5,000, Cr. Furniture BD14,000

5 questions

Q.What is the normal balance of Assets?

30 sec

Q.The normal balance of Capital, Liabilities and Revenues is Credit.

30 sec

Q.On April, 1 2020, Hanan invested BD50,000 cash in the business. It was recorded in the general journal:

45 sec

Q.On June, 3 2020, Yousif's Company purchased supplies for BD2,500 cash. It was recorded in the general journal:

45 sec

Q.On Sept ,8 2020, Ali's Company purchased furniture for BD19,000 from Saleh Est. paid cash BD5,000 and balance on account. It was recorded in the general journal:

60 sec

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