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Given the Following Accounts

Question 58

Multiple Choice

Given the following accounts:
-Received an invoice in the amount of $60 for repairs to the store equipment, voucher #423 was prepared.
Debit ________ Credit ________


A) Cash in bank
B) Petty cash
C) Supplies
D) Equipment
E) Notes payable
F) Vouchers payable
G) FICA payable
H) Wages payable
I) Purchases
J) Purchase discounts
K) Discounts lost
L) Repairs expense
M) Interest expense
N) Delivery expense
Indicate the account(s) to be debited and credited to record the following transactions.
The company uses the periodic inventory method.

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