Ch 1

If proctoring is enabled, you will always need a webcam. True / Falser

False

What browser must be used for proctored assignments? -Google Chrome or Microsoft Edge -Mozilla Firefox -Apple Safari

Google Chrome or Microsoft Edge

Which of the following devices can be used for proctored assignments? -PCs, Macs, Chromebooks -PCs, Macs, iPads, iPhones, Android devices -PCs and Macs only iPads, iPhones, Android devices only

PCs, Macs, Chromebooks

As soon as you click "Record Entry," which tabs are immediately updated? -General Ledger tab only. -Trial Balance tab only. -The General Ledger and Trial Balance tabs are both updated.

The General Ledger and Trial Balance tabs are both updated.

By clicking on any account value, you can drill backwards from the financial statements, to the trial balance, to the ledger, and back to the original entry. True / False

True

Financial statements must be properly formatted, to include a description of all subtotals. True / False

True

In some general ledger questions, the financial statements need to be constructed by selecting the accounts and account elements that belong on the statement. True / False

True

In some general ledger questions, the financial statements will be generated automatically. True / False

True

When preparing a journal entry, the credits must be listed before the debits. True / False

False

Journal entries are recorded on which tab?

General Journal

When you have completed a journal entry and want to advance to the next journal entry within the problem, you click on "________." -View Transaction List -View General Journal -Record Entry -Submit Assignment

Record Entry

If a transaction does not require a journal entry, you must ________. -leave the journal entry blank -select "No journal entry required" from the dropdown menu -type "None" as the first account title

select "No journal entry required" from the dropdown menu

In reviewing the General Ledger tab, you notice that the ending Cash balance is listed in parentheses. What does this indicate? -Cash has a normal ending balance. -Cash has an abnormal ending balance. Chances are you have an incorrect journal entry.

Cash has an abnormal ending balance. Chances are you have an incorrect journal entry.

What button do you click on to end a proctored assignment?

Exit

When preparing journal entries, the account titles are selected using either the dropdown menu (if available) or by keying in the account titles. True / False

True

Proctored assignments are indicated by: - a shield icon & title of "Proctoring Enabled" - a red cube icon - a magnifying glass icon

a shield icon & title of "Proctoring Enabled"