Every Entry in the General Journal Should Include All of the Following

question 41

Multiple Choice

Every entry in the general journal should include all of the following EXCEPT:

• A)the title of each account affected.
• B)the amounts of debits and credits.
• C)a brief description of the transaction.
• D)the balance of the accounts affected.

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Definitions:

Carpetbagger

A derogatory term originally used to describe Northerners who moved to the South after the American Civil War to profit from the Reconstruction.

Maine

The northeasternmost state in the United States, known for its scenic coastlines, lighthouses, and as a major producer of lobsters.

South

A region in the United States characterized by its unique cultural, historical, and economic attributes, often distinguished by its geographic location below the Mason-Dixon line.

Bargain of 1877

Deal made by a Republican and Democratic special congressional commission to resolve the disputed presidential election of 1876; Republican Rutherford B. Hayes, who had lost the popular vote, was declared the winner in exchange for the withdrawal of federal troops from involvement in politics in the South, marking the end of Reconstruction.