Multiple Choice
On June 1 2016 Ben Casey buys a copier machine for his business and finances this purchase with cash and a note. When journalizing this transaction he will
A) use two journal entries.
B) make a compound entry.
C) make a simple entry.
D) list the credit entries first which is proper form for this type of transaction.
Correct Answer:

Verified
Correct Answer:
Verified
Q174: The right side of an account<br>A) is
Q175: The number and types of accounts used
Q176: Which of the following is incorrect regarding
Q177: Identify the impact on the accounting equation
Q178: The following transactions took place for Tanaka
Q180: The ledger is merely a bookkeeping device
Q181: A two column list of all accounts
Q182: Which of the following is true?<br>A) Transaction
Q183: The usual sequence of steps in
Q184: In recording an accounting transaction in a