Acct 160

subject Type Homework Help
subject Pages 2
subject Words 158
subject Authors James A. Heintz, Robert W. Parry

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The ____________________ method is a depreciation method in which the depreciable
cost is divided by the estimated useful life.
The ____________________ column in the combination journal is used to credit
accounts that are used infrequently.
To close an expense account with a debit balance, debit the account for its balance and
credit the income summary account.
A manual work sheet is usually prepared in pencil.
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Amounts in the special columns of the combination journal are posted individually.
A list of all accounts showing the account title and the balance of each account is called
a(n) ____________________.
The amount of employers' Medicare taxes is computed by multiplying total earnings by
1.45%.

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