A Complete Journal Entry Does not Show

question 143

Multiple Choice

A complete journal entry does not show

• A)the date of the transaction.
• B)the new balance in the accounts affected by the transaction.
• C)a brief explanation of the transaction.
• D)the accounts and amounts to be debited and credited.

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Definitions:

Monthly Income

The total earnings received on a monthly basis from all sources such as employment, investments, and entitlements.

Beer

An alcoholic beverage made from fermentation of cereal grains, commonly barley, with hops for flavoring.

Price

The price to be paid to secure a good, service, or asset.

Leftover Income

Leftover Income refers to the amount of income remaining after all expenses and taxes have been paid.