Exam |Elaborated| ACCT 212 Financial Accounting - Week 2 Quiz (Summer 2021)

ACCT 212 Financial Accounting-Week 2 Quiz (Summer 2021)1. After transactions are recorded in the journal, they are posted to the:A list of all account names used to record transactions of a company is referred to as a:Which step in the process of measuring external transactions involves assessing the equality of total debits and total credits?A company purchases supplies on account for $2,300. Indicate the amount of increases and decreases in the accounting equation. A company issues common stock for $22,000 cash. Record the transaction.1. After transactions are recorded in the journal, they are posted to the:A list of all account names used to record transactions of a company is referred to as a:Which step in the process of measuring external transactions involves assessing the equality of total debits and total credits?A company purchases supplies on account for $2,300. Indicate the amount of increases and decreases in the accounting equation. A company issues common stock for $22,000 cash. Record the transaction.