Accounting 101 Exam CH 1-4 2025
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Terms in this set (60)
Vertical analysis False
refers to
comparing the
financial
statements of a
single company
over several
years.
,Gently Laser Equipment 5,722
Clinic purchased Accounts Payable 4,918
laser equipment Cash 804
for $5,722 and
paid $804 down,
with the
remainder to be
paid later. The
correct entry
would be
a.Equipment5,722
Accounts Payable
4,918 Cash 804
b.Equipment
Expense5,722
Accounts Payable
804 Cash 4,918
c.Cash804
Equipment 804
d.Equipment804
Cash 804
e.Cash804
Accounts
Payable4,918
Equipment 5,722
,Assets are True
increased with
debits and
decreased with
credits.
Richards
Corporation had
net income of
$170,898 and paid
dividends to
common
stockholders of
$56,500. It had
54,600 shares of
common stock
outstanding
during the entire
year. Richards
Corporation's
common stock is
selling for $57 per
share. The price-
earnings ratio is
The numerator of net income plus interest expense
the return on
total assets is
, Rodgers $4,143
Company
gathered the
following
reconciling
information in
preparing its May
bank
reconciliation.
Calculate the
adjusted cash
balance per
books on May 31.
Cash balance per
books, 5/31 .
$3,637
Deposits in transit
239
Notes receivable
and interest
collected by
bank . 719
Bank charge for
check printing 39
Outstanding
checks1, 923
NSF check 174
Actual exam (Testing Real Exam
Questions)and verified Answers (
100% accurate) GET IT RIGHT!!
Save
Terms in this set (60)
Vertical analysis False
refers to
comparing the
financial
statements of a
single company
over several
years.
,Gently Laser Equipment 5,722
Clinic purchased Accounts Payable 4,918
laser equipment Cash 804
for $5,722 and
paid $804 down,
with the
remainder to be
paid later. The
correct entry
would be
a.Equipment5,722
Accounts Payable
4,918 Cash 804
b.Equipment
Expense5,722
Accounts Payable
804 Cash 4,918
c.Cash804
Equipment 804
d.Equipment804
Cash 804
e.Cash804
Accounts
Payable4,918
Equipment 5,722
,Assets are True
increased with
debits and
decreased with
credits.
Richards
Corporation had
net income of
$170,898 and paid
dividends to
common
stockholders of
$56,500. It had
54,600 shares of
common stock
outstanding
during the entire
year. Richards
Corporation's
common stock is
selling for $57 per
share. The price-
earnings ratio is
The numerator of net income plus interest expense
the return on
total assets is
, Rodgers $4,143
Company
gathered the
following
reconciling
information in
preparing its May
bank
reconciliation.
Calculate the
adjusted cash
balance per
books on May 31.
Cash balance per
books, 5/31 .
$3,637
Deposits in transit
239
Notes receivable
and interest
collected by
bank . 719
Bank charge for
check printing 39
Outstanding
checks1, 923
NSF check 174
