Equipment cost $43,200 and is expected to be useful for 4 years and have no salvage value. Under the straight-line method, monthly depreciation will be:  

It is not possible for accounts with $0 balances in the trial balance section of the worksheet to have a positive balance within the adjusted trial balance section of the worksheet.

Transactions in a journal are initially recorded in:

The journal entry to record the purchase of equipment for $630 and Furniture for $370 in a single transaction would include:

A company purchased equipment costing $13,800. They paid $1,280 right away and agreed to pay the balance in 30 days, the journal entry to record the purchase of equipment would include:

The Posting Reference column of a journal is used to:

Blocking Incorporated performed services for clients in the amount of $2,100 on credit. If this transaction had been posted in error to the Cash account instead of the Accounts Receivable account, what correcting entry would be necessary?

A journal entry containing more than one debit and/or more than one credit is called a(n):

If a transaction is properly analyzed and recorded:

Account names are written in the general journal exactly as they appear in the chart of accounts.