A company’s list of all ledger accounts with an identification number assigned to each account is called a:

A company's balance sheet shows: cash $24,000, accounts receivable $17,000, office equipment $51,000, and accounts payable $18,000. What is the amount of owner's equity?

Holt Lumber  Company owns equipment with an original cost of $99,560 and an estimated salvage value of $7,280 that is being depreciated at $15,380 per year using the straight-line depreciation method, and only prepares adjustments at year-end. The adjusting entry needed to record annual depreciation is:

If a company purchases equipment costing $5,700 on credit, the effect on the accounting equation would be:

Southern Company paid off $33,000 of its accounts payable in cash. What would be the effects of this transaction on the accounting equation?

The financial statement that shows the beginning balance of owner’s equity; the changes in equity that resulted from new investments by the owner, net income (or net loss); withdrawals; and the ending balance, is the:

A company had no office supplies available at the beginning of the year. During the year, the company purchased $420 worth of office supplies. On December 31, $150 worth of office supplies remained. How much should the company report as office supplies expense for the year?

If equity is $310,000 and liabilities are $193,000, then assets equal:

Resources a company owns or controls that are expected to yield future benefits are:

Fragment Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $1,075. Fragment collected the entire $8,600 cash on October 1 and recorded it as unearned revenue. Assuming adjusting entries are only made at year-end, the adjusting entry made by Fragment Co. on December 31 would be: