Quiz 9 | Business & Finance homework help

Don't use plagiarized sources. Get Your Assignment on
Quiz 9 | Business & Finance homework help
Just from $13/Page
Order Now


Question 1
1. On a trial balance, if the Debit and Credit column totals are equal, then:

All transactions have been recorded correctly.

All ledger account balances are correct.

Equal debits and credits have been recorded for transactions.

The balance sheet would be correct.
10 points
Question 2
1. The accounting principle that requires transactions be recorded at actual cash or cash equivalent is the:

Accounting equation.

Cost principle.

Going-concern assumption.

Economic entity assumption.
10 points
Question 3
1. Which of the following best describes the right side of a T-account?




10 points
Question 4
1. All of the following require an adjusting entry at the end of the period with the exception of

Supplies used during the period.

Cash invested by owner.

Accrued wages.

Expired portion of prepaid insurance.
10 points
Question 5
1. The income statement includes a summary of all the following items for a specific period of time except


Interest Income

Owners’ equity

10 points
Question 6
1. The accounting principle that requires each business to be accounted for separately from owners and other business entities is the:

Time-period assumption.

Economic entity assumption.

Going-concern assumption.

Cost principle.

Business entity principle.
10 points
Question 7
1. The steps in the recording process include all of the following except

Analyze each transaction.

Enter the transaction in the general journal.

Post to the accounting equation

Post the transaction in the general ledger.
10 points
Question 8
1. A purchase of equipment on account affects the components of the accounting equation in the following way:

Decrease in an asset and an increase in owners’ equity

Increase in an asset and an increase in a liability

Decrease in a liability and an increase in owners’ equity

Increase in an asset and an increase in owners’ equity
10 points
Question 9
1. An adjusting entry could be made for each of the following except:

Prepaid expenses.

Owner’s investment

Unearned revenues.

Accrued expenses.
10 points
Question 10
1. Transactions are first recorded in the

General ledger.

General journal.

Trial balance.

Accounting equation

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

At Myhomeworkwriters.com, we always aim at 100% customer satisfaction. As such, we never compromise o the quality of our homework services. Our homework helpers ensure that they craft each paper carefully to match the requirements of the instruction form.

Professional Academic Writers

With Myhomeworkwriters.com, every student is guaranteed high-quality, professionally written papers. We ensure that we hire individuals with high academic qualifications who can maintain our quality policy. These writers undergo further training to sharpen their writing skills, making them more competent in writing academic papers.

Affordable Prices

Our company maintains a fair pricing system for all academic writing services to ensure affordability. Our pricing system generates quotations based on the properties of individual papers.

On-Time delivery

My Homework Writers guarantees all students of swift delivery of papers. We understand that time is an essential factor in the academic world. Therefore, we ensure that we deliver the paper on or before the agreed date to give students ample time for reviewing.

100% Originality

Myhomeworkwriters.com maintains a zero-plagiarism policy in all papers. As such, My Homework Writers professional academic writers ensure that they use the students’ instructions to deliver plagiarism-free papers. We are very keen on avoiding any chance of similarities with previous papers.

Customer Support 24/7

Our customer support works around the clock to provide students with assistance or guidance at any time of the day. Students can always communicate with us through our live chat system or our email and receive instant responses. Feel free to contact us via the Chat window or support email: support@myhomeworkwriters.com.

Try it now!

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Homework Writing Services

My Homework Writers holds a reputation for being a platform that provides high-quality homework writing services. All you need to do is provide us with all the necessary requirements of the paper and wait for quality results.


Essay Writing Services

At My Homework Writers, we have highly qualified academic gurus who will offer great assistance towards completing your essays. Our homework writing service providers are well-versed with all the aspects of developing high-quality and relevant essays.


Admission and Business Papers

With Myhomeworkwriters.com, we will help you secure a position at your desired institution. Our essay writing services include the crafting of admissions papers. We will still help you climb your career ladder by helping you write the official papers that will help you secure a job. We will guide you on how to write an outstanding portfolio or resume.


Editing and Proofreading

Myhomeworkwriters.com has a professional editorial team that will help you organize your paper, paraphrase it, and eliminate any possible mistakes. Also, we will help you check on plagiarism to ensure that your final paper posses quality and originality.


Technical papers

My Homework Writers harbors professional academic writers from diverse academic disciplines. As such, we can develop homework writing services in all academic areas. The simplicity or complexity of the paper does not affect the quality of homework writing services.