Q • Question 1 0 out of 0.2 points After posting the debit part of the the July 15 journal entry below, what would be the balance of General Ledger Cash account after the posting? JOURNAL page 2 DATE DESCRIPTION P.REF. DEBIT CREDIT 7/15/06 Cash $12,000 Fees Earned $12,000 GENERAL LEDGER ACCOUNT TITLE CASH ACCOUNT NO.11 DATE ITEM PREF. DEBIT (1) CREDIT (1) DEBIT BALANCE (2) CREDIT BALANCE(2) 7/01/06 Balance / $50,000 7/15/06 2 • Question 2 0.2 out of 0.2 points Amounts entered on the left side of an account are called what? • Question 3 0.2 out of 0.2 points Amounts entered on the right side of an account are called what? • Question 4 0.2 out of 0.2 points An accounting form that is used to record the increases and decreases in each financial statement item is called what? • Question 5 0.2 out of 0.2 points Assume that the chart of accounts for Roth Co. includes the following accounts: Cash, Accounts Receivable, Equipment, Accounts Payable, Sam Roth, Capital, Sam Roth, Drawing, Fees Earned, Salary Expenses, and Utilities Expense. On July 2, the company received cash from customers on account $2,000. Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (1) as the debit account for the $2,000 amount. JOURNAL page 2 DATE DESCRIPTION P.REF. DEBIT CREDIT 7/02/Y6 (1) $2,000 (2) $2,000

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