CHAPTER 5-General Accounting and End-of-Period Procedures FILL-IN IN THE SPACE PROVIDED, WRITE THE ANSWER THAT MOST APPROPRIATELY 309 COMPLETES THE SENTENCE. 1. In a sole proprietorship, an owner’s paycheck is considered a(n) 2. In Your Name’s Beach Barkers the entry to transfer Net Income to Capital is made by debiting and crediting 3. The -basis of accounting records income or revenue at the time cash is received and expenses at the time they are paid. 4. A is prepared to record an automatic loan payment from the bank. After removing the date prepared, time prepared, and report basis from a report footer you click the 5. button to save the change for future reports.
