Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Test Corrections

Review Test 2

QuestionAnswer
Jamie knows she is expected to produce accurate financial reports from her audit. By submitting her report to her superiors her friend will be reprimanded for misappropriation of funds. She submits an accurate report and follows which ethics principle? objectivity
Mary (who's applying to be an accountant) lists "problem-solver" as and qualification and needs little direction to complete assignments. This is classified as which skill? 21st century skill
"$124.00 in Social Security withholding"--What's the employer's Social Security tax amount for the pay period? $124.00
Paid these taxes: Social Security $240.00; Medicare $110.00; Federal Income Tax $250.00. What is the journal entry for the payment of the payroll taxes? Debit: Social Security Tax Payable $240.00; Medicare Tax Payable $110.00; Federal Income Tax Payable $250.00; Credit: Cash $600.00
Received check for $225.00 from Pen & Paper, whose account was previously written off. Using Allowance Method for uncollectible accounts, what is the correct journal entry to re-open Pen & Paper's account? Debit: Accounts Receivable/Pen & Paper $225.00; Credit: Allowance for Uncollectible Accounts $225.00
Using percentage of total sales on account, Hair Design Supply Company estimates uncollectible accounts expense on $1,200,000. (In the past: uncollectible accounts expense=2% of total sales on account.) What is the uncollectible accounts expense? $24,000
Received check $75.00 from Cathy Martin whose account was previously written off. Using Allowance Method for uncollectible accounts, what is the correct re-opening entry? Debit: Account Receivable/Cathy Martin; $75.00; Credit: Allowance for Uncollectible Accounts $75.00
Created by: Tate.cord70