50.A list of all account names used to record transactions of a company is referred toas the:A.Chart ofAccountsB.IncomestatementC.GeneraljournalD.Balancesheet Show AACSB: Reflective ThinkingAICPA: BB Critical ThinkingAccessibility: Keyboard NavigationBlooms: RememberDifficulty: 1 EasyLearning Objective: 02-01 Identify the basic steps in measuring external transactions.Topic: External Transactions 51.For each transaction recorded in an accounting system, the basic equation thatmust be maintained at all times is: Get answer to your question and much more AACSB: Reflective ThinkingAICPA: FN MeasurementAccessibility: Keyboard NavigationBlooms: RememberDifficulty: 1 EasyLearning Objective: 02-02 Analyze the impact of external transactions on the accounting equation.Topic: Effects of Transactions on the Basic Accounting Equation 52.The following amounts are reported in the ledger of Mariah Company:Assets$80,000Liabilities36,000Retained Earnings12,000What is the balance in the Common Stock account? Get answer to your question and much more AACSB: Analytical ThinkingAICPA: FN MeasurementBlooms: ApplyDifficulty: 3 HardLearning Objective: 02-02 Analyze the impact of external transactions on the accounting equation.Topic: Effects of Transactions on the Basic Accounting Equation 53.When a company pays employees' salaries for the current period, how will thebasic accounting equation be affected? Get answer to your question and much more AACSB: Reflective ThinkingAICPA: FN MeasurementAccessibility: Keyboard NavigationBlooms: UnderstandDifficulty: 2 MediumLearning Objective: 02-02 Analyze the impact of external transactions on the accounting equation.Topic: Effects of Transactions on the Basic Accounting Equation 54.When cash payments are made to stockholders, what is the effect on thecompany's accounts?A.Cash decreases and dividendsincrease.B.Cash increases and dividendsdecrease.C.Cash decreases and common stockdecreases.D.Cash increases and common stockincreases. AACSB: Reflective ThinkingAICPA: FN MeasurementAccessibility: Keyboard NavigationBlooms: UnderstandDifficulty: 2 MediumLearning Objective: 02-02 Analyze the impact of external transactions on the accounting equation.Topic: Effects of Transactions on the Basic Accounting Equation Upload your study docs or become a Course Hero member to access this document Upload your study docs or become a Course Hero member to access this document End of preview. Want to read all 114 pages? Upload your study docs or become a Course Hero member to access this document Tags Balance Sheet, Generally Accepted Accounting Principles, Double entry bookkeeping system, AACSB is referred to as : chart of accounts, journal, transaction, financial statement Answer & Explanation Solved by verified expert icitur laoreet. Nam risus ante, at, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrice Unlock full access to Course Hero Explore over 16 million step-by-step answers from our library Subscribe to view answer Step-by-step explanation o. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus effi sus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congu ur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. F m risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui le et, consectetur adipiscing elit. Nam lacinia pulv What is a list of all account names used to record transactions?A chart of accounts (COA) is a financial organizational tool that provides a complete listing of every account in the general ledger of a company, broken down into subcategories.
What is a list of names of an organization's accounts?A company's Chart of Accounts is a list of all Asset, Liability, Equity, Revenue, and Expense accounts included in the company's General Ledger.
Which accounting record is a listing of all account names and their balances?A chart of accounts is a list of all your company's “accounts,” together in one place. It provides you with a birds eye view of every area of your business that spends or makes money. The main account types include Revenue, Expenses, Assets, Liabilities, and Equity.
What is a list of all ledger accounts called?The ledger contains the information that is required to prepare financial statements. It includes accounts for assets, liabilities, equity, revenues, and expenses. This complete list of accounts is known as the chart of accounts.
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A list of all account names used to record transactions of a company is referred to as a t-account
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