Quiz
Accounting I - Objective 4.02/4.03 Test
Questions in this quiz (23)
1Jessica wants to replenish the $200 petty cash fund. She has receipts for the following total payments:
supplies, $85; and repairs, $55. A cash count shows $75 in the petty cash box. What is the correct journal
entry to record the transaction?- ADebit Repair Expense $55, debit Supplies $85 and credit Cash $140
- BDebit Repair Expense $55, debit Supplies $85 and credit Petty Cash $140
- CDebit Repair Expense $55, debit Supplies $85, and credit Cash $125, credit Cash Short and Over $15
- DDebit Repair Expense $55, debit Supplies $85, debit Cash Short and Over $15, and credit Cash $155
2David wants to replenish the $150 petty cash fund. He has receipts for the following total payments: supplies,
$36; and postage (Office Expense), $27. A cash count shows $87 in the petty cash box. What is the correct
journal entry to record the transaction?- ADebit Cash $63 and credit Miscellaneous Expense $63
- BDebit Miscellaneous Expense $63 and credit Cash $63
- CDebit Office Expense $27, debit Supplies $36 and credit Cash $63
- DDebit Office Expense $27, debit Supplies $36 and credit Petty Cash $63
3Timothy wants to replenish the $300 petty cash fund. He has receipts for the following total payments:
postage (Office Expense), $35; supplies, $25; and repairs, $95. A cash count shows $160 in the petty cash box.
What is the correct journal entry to record the transaction?- ADebit Repair Expense $95, debit Office Expense $35, debit Supplies $25 and credit Cash $155
- BDebit Repair Expense $95, debit Office Expense $35, debit Supplies $25 and credit Petty Cash $155
- CDebit Repair Expense $95, debit Office Expense $35, debit Supplies $25, and credit cash $140, credit Cash Short and Over $15
- DDebit Repair Expense $95, debit Office Expense $35, debit Supplies $25, debit Cash Short and Over $5, and credit cash $160
4Michael wants to establish a $500 petty cash fund for his business. He has requested a check for $500. What
is the correct journal entry to record the transaction?- ADebit Cash $500 and credit Petty Cash $500
- BDebit Miscellaneous Expense $500 and credit Cash $500
- CDebit Petty Cash $500 and credit Cash $500
- DDebit Petty Cash $500 and credit Miscellaneous Expense $500
5Emily wants to replenish the $300 petty cash fund. She has receipts for the following total payments:
supplies, $55; and repairs, $35. A cash count shows $195 in the petty cash box. What is the correct journal
entry to record the transaction?- ADebit Repair Expense $35, debit Supplies $55 and credit Cash $90
- BDebit Repair Expense $35, debit Supplies $55 and credit Petty Cash $90
- CDebit Repair Expense $35, debit Supplies $55, and credit Cash $90, credit Cash Short and Over $15
- DDebit Repair Expense $35, debit Supplies $55, debit Cash Short and Over $15, and credit Cash $105
6Claire wants to establish a $250 petty cash fund for her business. She requested a check for $250. What is
the correct journal entry to record the transaction?- ADebit Cash $250 and credit Petty Cash $250
- BDebit Miscellaneous Expense $250 and credit Cash $250
- CDebit Petty Cash $250 and credit Cash $250
- DDebit Petty Cash $250 and credit Miscellaneous Expense $250
7Mary wants to replenish the $200 petty cash fund. She has receipts for the following total payments:
supplies, $25; and repairs, $45. A cash count shows $130 in the petty cash box. What is the correct journal
entry to record the transaction?- ADebit Cash $70 and credit Miscellaneous Expense $70
- BDebit Miscellaneous Expense $70 and credit Cash $70
- CDebit Repair Expense $45, debit Supplies $25 and credit Cash $70
- DDebit Repair Expense $45, debit Supplies $25 and credit Petty Cash $70
8Joseph wants to replenish the $150 petty cash fund. He has receipts for the following total payments:
supplies, $75; and repairs, $43. A cash count shows $40 in the petty cash box. What is the correct journal
entry to record the transaction?- ADebit Repair Expense $43, debit Supplies $75 and credit Cash $118
- BDebit Repair Expense $43, debit Supplies $75, and credit cash $110, credit Cash Short and Over $8
- CDebit Repair Expense $43, debit Supplies $75 and credit Petty Cash $118
- DDebit Repair Expense $43, debit Supplies $75, debit Cash Short and Over $8, and credit Cash $126
9Daniel wants to replenish the $250 petty cash fund. He has receipts for the following total payments:
postage, $34; and repairs, $76. A cash count shows $100 in the petty cash box. What is the correct journal
entry to record the transaction?- ADebit Repair Expense $76, debit Office Expense $34 and credit Cash $110
- BDebit Repair Expense $76, debit Office Expense $34 and credit Petty Cash $110
- CDebit Repair Expense $76, debit Office Expense $34, and credit Cash $110, credit Cash Short and Over
$40 - DDebit Repair Expense $76, debit Office Expense $34, debit Cash Short and Over $40, and credit Cash
$150
10Michelle wants to replenish the $300 petty cash fund. She has receipts for the following total payments:
postage (Office Expense), $40; supplies, $25; and repairs, $45. A cash count shows $175 in the petty cash box.
What is the correct journal entry to record the transaction?- ADebit Repair Expense $45, debit Supplies $25, debit Office Expense $40 and credit Cash $110
- BDebit Repair Expense $45, debit Supplies $25, debit Office Expense $40 and credit Petty Cash $110
- CDebit Repair Expense $45, debit Supplies $25, debit Office Expense $40 and credit Cash $110, credit Cash Short and Over $15
- DDebit Repair Expense $45, debit Supplies $25, debit Office Expense $40 and debit Cash Short and Over $15, and credit Cash $125
11Scott wants to replenish the $225 petty cash fund. He has receipts for the following total payments: supplies,
$35; and repairs, $15. A cash count shows $175 in the petty cash box. What is the correct journal entry to
record the transaction?- ADebit Cash $50 and credit Miscellaneous Expense $50
- BDebit Miscellaneous Expense $50 and credit Cash $50
- CDebit Repair Expense $15, debit Supplies $35 and credit Cash $50
- DDebit Repair Expense $15, debit Supplies $35 and credit Petty Cash $50
12Steve wants to replenish the $200 petty cash fund. He has receipts for the following total payments:
supplies, $18; and repairs, $32. A cash count shows $145 in the petty cash box. What is the correct journal
entry to record the transaction?- ADebit Repair Expense $32, debit Supplies $18, debit Cash Short and Over $5, and credit Cash $55
- BDebit Repair Expense $32, debit Supplies $18, and credit Cash $60, credit Cash Short and Over $5
- CDebit Repair Expense $32, debit Supplies $18 and credit Petty Cash $50
- DDebit Repair Expense $32, debit Supplies $18 and credit Cash $50
13Greg has gross earnings of $245.00, Social Security withholding of $15.19, Medicare withholding of $3.55,
federal income tax withholding of $50.00, and state income tax withholding of $15.93. What are Greg's total
deductions?- A$34.67
- B$68.74
- C$84.67
- D$160.33
14Burger Barn paid the following taxes: Social Security $240.00, Medicare $110.00, Federal Income Tax
$250.00. What is the entry to journalize the payment of the payroll taxes?- ADebit Cash $600.00; credit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00
- BDebit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00; credit Cash $600.00
- CDebit Payroll Tax Expense $600.00; credit Cash $600.00
- DDebit Social Security Tax Payable $240.00, Medicare Tax Payable $110.00, Federal Income Tax Payable $250.00; credit Payroll Tax Expense $600.00
15Watauga Office Supply paid state unemployment taxes of $168.00. What is the entry to journalize the
payment of the unemployment taxes?- ADebit Cash $168.00; credit State Unemployment Tax Payable $168.00
- BDebit Payroll Tax Expense $168.00, credit Cash $168.00
- CDebit State Unemployment Tax Payable $168.00, credit Cash $168.00
- DDebit State Unemployment Tax Payable $168.00, credit Payroll Tax Expense $168.00
16Brandon worked 7 hours on Monday, 8 hours on Tuesday, 10 hours on Wednesday, 9 hours on Thursday, 10
hours on Friday, and 4 hours on Saturday. Brandon's rate of pay is $12 per hour. Calculate Brandon's
regular, overtime and total hours for the week.- A30 Regular Hours, 18 Overtime Hours, and 48 Total Hours
- B35 Regular Hours, 13 Overtime Hours, and 48 Total Hours
- C40 Regular Hours, 8 Overtime Hours, and 48 Total Hours
- D48 Regular Hours, No Overtime Hours, and 48 Total Hours
17WKRP Broadcasting paid federal unemployment taxes of $28. What is the entry to journalize the payment of
the unemployment taxes?- ADebit Cash $28.00; credit Federal Unemployment Tax Payable $28.00
- BDebit Federal Unemployment Tax Payable $28.00, credit Cash $28.00
- CDebit Federal Unemployment Tax Payable $28.00, credit Payroll Tax Expense $28.00
- DDebit Payroll Tax Expense $28.00, credit Cash $28.00
18Greg has gross earnings of $245.00, Social Security withholding of $15.19, Medicare withholding of $3.55,
federal income tax withholding of $50.00, and state income tax withholding of $15.93. What are Greg's total
deductions?- A$34.67
- B$68.74
- C$84.67
- D$160.33
19Sports Incorporated has employer payroll taxes as follows: Social Security Tax $225.00, Medicare Tax
$125.00 and Federal Unemployment Tax $55.00. What is the entry to record the employer's payroll taxes?- ADebit Payroll Tax Expense $405.00, Social Security Tax Payable $225.00; credit Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
- BDebit Payroll Tax Expense $405.00; credit Cash $405.00
- CDebit Payroll Tax Expense $405.00; Credit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
- DDebit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00; credit Payroll Tax Expense $405.00
20WKRP Broadcasting paid state unemployment taxes of $95.00. What is the entry to journalize the payment
of the unemployment taxes?- ADebit Cash $95.00; credit State Unemployment Tax Payable $95.00
- BDebit Payroll Tax Expense $95.00; credit Cash $95.00
- CDebit State Unemployment Tax Payable $95.00; credit Cash $95.00
- DDebit State Unemployment Tax Payable $95.0; credit Payroll Tax Expense $95.00
21John's Seafood has $1,500.00 in wages, $93.00 in Social Security withholding, $21.75 in Medicare
withholding, $200.00 in federal income tax withholding, and $80.00 in state income tax withholding. What is
the correct entry for recording the company's payroll?- ADebit Salary Expense $1,500.00, Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00; credit Cash $1,105.25
- BDebit Salary Expense $1,500.00; credit Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00, Cash $1,105.25
- CDebit Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00; credit Salary Expense $1,500.00, Cash $1,105.25
- DDebit Wages Expense $1,500.00, Cash $1,105.25; credit Social Security Tax Payable $93.00, Medicare Tax Payable $21.75, Federal Income Tax Payable $200.00, State Income Tax Payable $80.00
22Sports Incorporated has employer payroll taxes as follows: Social Security Tax $225.00, Medicare Tax
$125.00 and Federal Unemployment Tax $55.00. What is the entry to record the employer's payroll taxes?- ADebit Payroll Tax Expense $405.00, Social Security Tax Payable $225.00; credit Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
- BDebit Payroll Tax Expense $405.00; credit Cash $405.00
- CDebit Payroll Tax Expense $405.00; credit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00
- DDebit Social Security Tax Payable $225.00, Medicare Tax Payable $125.00, Federal Unemployment Tax Payable $55.00; credit Payroll Tax Expense $405.00
23Matt has gross earnings of $300.00 and total deductions of $126.75. What is Matt's net pay?
- A$426.75
- B$226.25
- C$175.00
- D$173.25
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- Questions related to payroll and petty cash.
- Author
- Kathleen Keller
- Language
- English
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