111. Which of the following entries records a payment of dividends to stockholders?
A. debit Capital Stock; credit Cash
B. debit Dividends; credit Cash
C. debit Salaries Expense; credit Cash
D. debit Capital Stock; credit Dividends
112. Office supplies were sold by Ari’s Alarm Service at cost to another repair shop, with cash received. Which of the following entries for Ari’s Alarm Service records this transaction?
A. Office Supplies, debit; Cash, credit
B. Office Supplies, debit; Accounts Payable, credit
C. Cash, debit; Office Supplies, credit
D. Accounts Payable, debit; Office Supplies, credit
113. Office supplies purchased by Ari’s Alarm Service on account were returned. Which of the following entries for Ari’s Alarm Service records this transaction?
A. Cash, debit; Office Supplies, credit
B. Office Supplies, debit; Accounts Receivable, credit
C. Accounts Payable, debit; Office Supplies, credit
D. Office Supplies, debit; Accounts Payable, credit
114. Cash was paid by Ari’s Alarm Service to creditors on account. Which of the following entries for Ari’s Alarm Service records this transaction?
A. Cash, debit; Capital Stock, credit
B. Accounts Payable, debit; Cash, credit
C. Accounts Receivable, debit; Cash, credit
D. Accounts Payable, debit; Account Receivable, credit
115. The process of initially recording a business transaction is called
A. trial balancing
B. posting
C. journalizing
D. balancing
116. Which of the following entries records the acquisition of office supplies on account?
A. Office Supplies, debit; Cash, credit
B. Cash, debit; Office Supplies, credit
C. Office Supplies, debit; Accounts Payable, credit
D. Accounts Receivable, debit; Office Supplies, credit
117. Which of the following entries records the acquisition of equipment on account?
A. Equipment, debit; Accounts Payable, credit
B. Equipment, debit; Cash, credit
C. Accounts Payable, debit; Equipment, credit
D. Accounts Payable, debit; Notes Payable, credit
118. Which of the following entries records the payment of rent for the current month?
A. Cash, debit; Rent Expense, credit
B. Rent Expense, debit; Cash, credit
C. Rent Expense, debit; Accounts Receivable, credit
D. Accounts Payable, debit; Rent Expense, credit
119. Which of the following entries records the receipt of cash from patients on account?
A. Accounts Payable, debit; Fees Earned, credit
B. Accounts Receivable, debit; Fees Earned, credit
C. Accounts Receivable, debit; Cash, credit
D. Cash, debit; Accounts Receivable, credit
120. Which of the following entries records the billing of patients for services performed?
A. Accounts Receivable, debit; Fees Earned, credit
B. Accounts Payable, debit; Cash, credit
C. Fees Earned, debit; Accounts Receivable, credit
D. Fees Earned, debit; Cash, credit