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

ACC 2100

Chapter 3

QuestionAnswer
Which of these statements about a journal is false? It contains only revenue and expense accounts.
What is a Trial Balance is a list of accounts with their balances at a given time
If the sum of the debit column equals the sum of the credit column in a trial balance, it indicates the mathematical equality of the accounting equation
DEAD Expenses, assets, and dividends have a normal debit balance
CURLS Unearned revenue, revenue, liabilities, and stockholders equity
Expenses are always debited
Dividends are always debited
Common stock is always credited
Revenues are always credited
on a journal entry, list the account to be ____(Dr/Cr) fist debited
Left side is debit
right side is credit
The Recording Process Analyses the transaction, Record the transaction in journal, post the transaction to the ledger. Done on a daily basis. steps 1-3.
the journal records transactions in chronological order, does not show the balances of each account
"Posting" refers to the ledger
the ledger has balances of each account
Trial Balance listing of all accounts and their balances
Created by: mghamiter