Reference no: EM132670717

Problem 1: Estimated uncollectibles is recorded in this journal.

Select one:

a. Accounts Payable Subsidiary Ledger

b. Accounts Receivable Subsidiary ledger

c. Sales Journal

d. General Journal

Problem 2: Reversing accrued income needs a credit to an _______ account.

Select one:

a. Asset or Accrued Income

b. Income

c. Accounts Payable

d. Purchases

Problem 3: The right side of a T-account is used to record

Select one:

a. Increase in Asset

b. Decrease in revenue

c. Increase in Liability

d. Decrease in liability