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Determine t-accounts which of the will be required

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Reference no: EM132479743

Question 1: In posting transactions to a T-account, debits are posted on the left side and credits are posted on the right side.

True or False

Question 2: A transaction involving a debit to an asset account should be posted on the right side of the T-account.

True or False

Question 3: A company prepares the following journal entry. In posting this transaction to T-accounts, which of the following will be required?

  1. Post $28,000 on the right side of the Cash T-account
  2. Post $28,000 on the left side of the Notes Payable T-account
  3. Post $28,000 on the left side of the Cash T-account
  4. None of these.

Question 4: A company prepares the following journal entry. In posting this transaction to T-accounts, which of the following will be required?

  1. Post $2,000 on the left side of the Cash T-account
  2. Post $2,000 on the left side of the Supplies T-account
  3. Post $2,000 on the right side of the Supplies T-account
  4. None of these.

Question 5: A company prepares the following journal entry. In posting this transaction to T-accounts, which of the following will be required?

  1. Post $5,000 on the left side of the Service Revenue T-account
  2. Post $5,000 on the right side of the Service Revenue T-account
  3. Post $5,000 on the right side of the Cash T-account
  4. None of these.

Question 6: A company prepares the following journal entry. In posting this transaction to T-accounts, which of the following will be required?

  1. Post $8,000 on the left side of the Cash T-account
  2. Post $8,000 on the right side of the Cash T-account
  3. Post $8,000 on the right side of the Salaries Expense T-account
  4. None of these.

Reference no: EM132479743

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