Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1) the bookkeeper for montrosemontrose company wro

1) The bookkeeper for MontroseMontrose Company wrote a check for $ 200$200 to pay for...

60.1K

Verified Solution

Question

Accounting

1) The bookkeeper for MontroseMontrose Company wrote a check for $ 200$200 to pay for furnace maintenance. The check was incorrectly recorded in the general journal as $ 20$20. The entry to correct this error would be:

A.

decrease Cash by $ 200$200.

B.

increase Cash by $ 180$180.

C.

increase Repairs and Maintenance Expense by $ 200$200.

D.

increase Repairs and Maintenance Expense by $ 180$180

2) All of the following items are included on the balance sheet as Cash and Cash Equivalents except

A.

certificates of deposit.

B.

time deposits.

C.

4-week U.S. Treasury bills.

D.

all of the above are included.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Analysis of daily output by a factory employee shows that, on average, the number of units...

Basic Math
Q

propose a solution to fix a current problem and a longer-term course of action to prevent...

Operations Management
Q

Calculate the pH and concentrations of the following species in a 0.025 M carbonic acid solution....

Chemistry
Q

For a parallel RLC circuit operating under initial conditions only: a) Give detailed discussion of different types...

Electrical Engineering
Q

Do you believe the Maryland Legislature should change from contributory negligence to comparative negligence and more importantly,...

General Management
Q

Consider the following statements a The operation of the reactor is said to be critical...

Physics
Q

Solve each triangle ABC that exists A 36 1 a 3 1 c 10 7...

Geometry
Q

The price of diamond rings. A newspaper advertisement in the Straits Times of Singapore contained...

Basic Math
Q

Selected current year-end financial statements of Cabot Corporation follow....

Accounting
Q

Classify each of the performance measures below into the most likely of four balanced scorecard...

Accounting
Q

Alison and her husband, Tyrone, were married at the beginning of 2021. They separated on...

Accounting
Q

Using Solver to Find the Optimal Stock Portfolio Five investors plan to pool the fund...

Finance