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Quizzes > Business & Finance

Journal Entry Quiz: Practice Debits and Credits

Quick, free journal entries test. Instant results.

Editorial: Review CompletedCreated By: Emily HurdUpdated Aug 24, 2025
Difficulty: Moderate
Grade: Grade 11
Study OutcomesCheat Sheet
Colorful paper art promoting a trivia quiz on Journal Entry Mastery for high school students.

This journal entry quiz helps you practice recording transactions and check debits and credits. Answer 20 quick questions, get instant results, and see what to review next. For more practice, try journal entry practice questions, take a double entry test, or review with a debit and credit quiz.

Which accounts are debited and credited when a company pays cash to purchase office supplies for immediate use?
Debit Supplies Expense; Credit Cash
Debit Accounts Payable; Credit Supplies
Debit Cash; Credit Supplies Expense
Debit Supplies; Credit Accounts Payable
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A customer pays their outstanding account balance in cash. What is the correct journal entry?
Debit Sales Revenue; Credit Cash
Debit Unearned Revenue; Credit Cash
Debit Cash; Credit Accounts Receivable
Debit Accounts Receivable; Credit Cash
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Which entry records owner investment of cash into the business?
Debit Cash; Credit Revenue
Debit Cash; Credit Owner's Capital
Debit Owner's Capital; Credit Cash
Debit Revenue; Credit Cash
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What is the correct entry to record paying a utility bill on the same day it is received?
Debit Utilities Expense; Credit Cash
Debit Utilities Payable; Credit Cash
Debit Prepaid Utilities; Credit Cash
Debit Cash; Credit Utilities Expense
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A company provides services on account. Which journal entry is correct?
Debit Accounts Receivable; Credit Service Revenue
Debit Unearned Revenue; Credit Service Revenue
Debit Service Revenue; Credit Accounts Receivable
Debit Cash; Credit Service Revenue
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Which accounts are affected when paying employees their earned wages in cash that were not previously accrued?
Debit Accounts Payable; Credit Cash
Debit Cash; Credit Wages Expense
Debit Wages Expense; Credit Cash
Debit Salaries Payable; Credit Cash (when not previously accrued)
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Recording the purchase of equipment for cash involves which entry?
Debit Accounts Payable; Credit Equipment
Debit Cash; Credit Equipment
Debit Equipment; Credit Cash
Debit Equipment Expense; Credit Cash
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Sales revenue is recorded when goods are sold for cash. What is the entry in a perpetual inventory system (ignore sales tax)?
Debit Cash; Credit Sales Revenue and Debit Cost of Goods Sold; Credit Inventory
Debit Cash; Credit Sales Revenue only
Debit Accounts Receivable; Credit Sales Revenue and Debit Inventory; Credit Cost of Goods Sold
Debit Inventory; Credit Sales Revenue
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Writing off an uncollectible account under the direct write-off method is recorded as:
Debit Accounts Receivable; Credit Bad Debt Expense
Debit Allowance for Doubtful Accounts; Credit Accounts Receivable
Debit Bad Debt Expense; Credit Accounts Receivable
Debit Cash; Credit Bad Debt Expense
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When supplies on hand are counted and found to be less than recorded, the adjusting entry includes:
Debit Supplies Expense; Credit Supplies
Debit Supplies Expense; Credit Cash
Debit Inventory; Credit Supplies Expense
Debit Supplies; Credit Supplies Expense
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Recording monthly depreciation on equipment uses which accounts?
Debit Equipment Expense; Credit Equipment
Debit Depreciation Expense; Credit Accumulated Depreciation
Debit Accumulated Depreciation; Credit Depreciation Expense
Debit Equipment; Credit Depreciation Expense
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A customer pays in advance for services to be provided next month. What is the correct entry?
Debit Cash; Credit Unearned Revenue
Debit Cash; Credit Service Revenue
Debit Accounts Receivable; Credit Service Revenue
Debit Unearned Revenue; Credit Cash
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Payment of a previously recorded accounts payable is recorded as:
Debit Accounts Payable; Credit Cash
Debit Expense; Credit Cash
Debit Accounts Payable; Credit Inventory
Debit Cash; Credit Accounts Payable
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Which entry records interest expense accrued at month-end on a note payable?
Debit Interest Expense; Credit Interest Payable
Debit Interest Payable; Credit Interest Expense
Debit Notes Payable; Credit Interest Expense
Debit Cash; Credit Interest Revenue
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What is the entry for a sales return in a perpetual inventory system (ignore sales tax)?
Debit Cost of Goods Sold; Credit Sales Returns and Allowances
Debit Sales Returns and Allowances; Credit Cash or Accounts Receivable and Debit Inventory; Credit Cost of Goods Sold
Debit Cash; Credit Sales Returns and Allowances
Debit Sales Revenue; Credit Inventory
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To record a bank service charge discovered during reconciliation, the entry is:
Debit Bank Service Charge Expense; Credit Cash
Debit Cash; Credit Bank Service Charge Expense
Debit Accounts Payable; Credit Cash
Debit Miscellaneous Expense; Credit Accounts Receivable
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Receiving a cash refund from a supplier for returned inventory (perpetual) is recorded as:
Debit Cash; Credit Inventory
Debit Accounts Payable; Credit Cash
Debit Sales Returns and Allowances; Credit Cash
Debit Inventory; Credit Cash
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When a customer takes a sales discount for early payment (gross method), which entry records the receipt?
Debit Cash and Debit Sales Discounts; Credit Accounts Receivable
Debit Sales Discounts; Credit Sales Revenue
Debit Accounts Receivable; Credit Sales Discounts
Debit Cash; Credit Sales Discounts and Credit Accounts Receivable
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To reverse a previously recorded adjusting entry for wages payable at the start of the next period, the entry is:
Debit Wages Expense; Credit Wages Payable
Debit Wages Payable; Credit Cash
Debit Cash; Credit Wages Payable
Debit Wages Payable; Credit Wages Expense
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Recording amortization of a patent uses which accounts?
Debit Depreciation Expense; Credit Patent
Debit Amortization Expense; Credit Accumulated Amortization (or Patent)
Debit Cash; Credit Amortization Expense
Debit Patent; Credit Amortization Expense
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Study Outcomes

  1. Analyze accounting transactions to develop precise journal entries.
  2. Interpret the structure and components of effective journal entries.
  3. Create reflective journal entries that enhance writing skills.
  4. Evaluate entries for accuracy and adherence to accounting standards.
  5. Apply best practices in drafting and editing journal entries for test readiness.

Journal Entry Practice Accounting Cheat Sheet

  1. Master the Fundamental Accounting Equation - Everything in accounting revolves around Assets = Liabilities + Equity. Think of it like a balanced scale: if you add weight (assets) on one side, you need to add weight somewhere else (liabilities or equity) to keep it level. This magical equation ensures your books always balance and financial statements make sense.
  2. Grasp Double-Entry Bookkeeping - Double-entry bookkeeping means every transaction touches at least two accounts so things stay balanced. For instance, buying new equipment with cash will boost your equipment account (debit) and drop your cash (credit), like a seesaw that never tips. This system helps you catch mistakes early and keeps your financial story accurate.
  3. Learn Normal Account Balances - Assets and expenses normally carry debit balances, while liabilities, equity, and revenues lean to the credit side. Knowing these natural inclinations helps you decide whether to debit or credit an account when recording transactions. Once you get the hang of these norms, journal entries become a breeze.
  4. Practice Common Journal Entries - Regularly practicing journal entries for sales, purchases, and payroll will turn you into an entry ninja. For example, a cash sale means you debit Cash and credit Sales Revenue, showing the money flow in style. The more you practice, the faster and more confident you'll be.
  5. Understand Adjusting Entries - At period end, adjusting entries tidy up your accounts so financial statements reflect the true picture. You might need to accrue unpaid expenses or defer revenues you've collected in advance. These tweaks ensure income and expenses land in the right time period.
  6. Post to the General Ledger - Once your journal entries are perfect, posting them to the general ledger organizes all debits and credits by account. Imagine moving ingredients from your cookbook (journal) to labeled jars (ledger) so you can find what you need later. This step builds the detailed backbone of your financial records.
  7. Prepare a Trial Balance - Craft a trial balance by listing every ledger account with its balance to check that total debits equal total credits. Think of it as a quick reality check - it flags if something went haywire in your previous steps. A balanced trial balance opens the door to accurate financial statements.
  8. Implement Strong Internal Controls - Strong internal controls are your accounting watchdogs that prevent errors and fraud during journalizing. This could mean requiring approvals for transactions and reconciling accounts regularly to spot sneaky glitches. Consistent checks keep your financial castle well-guarded.
  9. Spot and Correct Common Errors - Mistakes are bound to happen, but spotting transposition errors or missing entries quickly saves you headaches later. Practicing error hunts in dummy entries teaches you how to detect and fix blunders on the fly. Clean and accurate records are your best friends in accounting.
  10. Review and Analyze Journal Entries - Make reviewing journal entries a habit to really understand how each transaction shapes your financial story. Analyzing impacts now sets a strong foundation for tackling advanced topics like budgeting and forecasting. This proactive mindset will level up your accounting game.
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