True or False A journal entry that affects only two accounts is called a compound entry.
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- The Maintain; Chart of Accounts window can be used to revise accounts in the chart of accounts. Question 15 options: True FalseExplain the difference between an original journal entry and an adjusting journal entry?SHOW THE JOURNAL ENTRY OF I AND J! SHOW THE JOURNAL ENTRY OF I AND J! SHOW THE JOURNAL ENTRY OF I AND J!
- Select the best answer for the question 13. The process of transferring the information contained in the journal to the ledger is called A. cross-referencing OB. balancing the accounts OC. cross-adding D. posting. Mark for review (Will be highlighted on the review page) << Previous Question Next QuesmonA journal entry is not recorded on what date?a. Date of declaration.b. Date of record.c. Date of payment.d. A journal entry is recorded on all of the above dates.Post and create a ledger T-accounts. (Post enteries in the order of journal entries presented in the question.)
- Using the following Chart of Accounts, identify the accounts used for the following journal entries or state "no entry required" for both accounts, if none is required.What is reversing journal entries?19.The Post. Ref. column in the general journal is used to show that an account has been posted to the ledger when which of the following is placed in it? a. Journal page number b. Account number c. journal number d. check mark