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MRTS 1342 final exam | Questions And Answers Latest {} A+ Graded | 100% Verified
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MRTS 1342 final exam | Questions And Answers Latest {} A+ Graded | 100% Verified
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MRTS 1342 final exam | Questions And Answers Latest {2024- 2025} A+ Graded | 100%Verified
Balance owed on limo - Liability
Dodge chemical bill for new embalming machine - Liability
Owner's share of Profits - Owner's Equity
Wage Expense - Owner's Equity
Caskets in a selection room - Asset
Cash in the bank - Asset
Personal investments in the business - Owner's Equity
Paying a telephone bill - Owner's Equity
Customer accounts in the books (accounts receivable) - Asset
Embalming supplies in the prep room - Asset
Delivery fees owed by a client - Asset
Pre-need insurance contracts - Asset
New Hearse - Asset
, Hearse monthly payment - Liability
Owner's drawing - owner's equity
Monthly rent - Liability
Electric bill - Owner's Equity
New flower van - Asset
New petty cash account - Asset
Payment to property gardener - Owner's Equity
A T-Account has three parts: Title, Debit Side, Credit Side (T/F) - True
50% - Surveys show that about what percentage of the American people formally belong to a church,
synagogue, or mosque.
A funeral home is best classified as which type of business? - Service-Merchandising
By December 31 each year, employers must furnish each employee with a Wage and Tax Statement -
False
Footing - The difference between the total debits and credits to an account
Sum of the debits must equal the sum of the credits on the trial balance? (T/F) - True
Worker's Compensation provides insurance for employees who - suffer a job-related illness or injury
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