Multiple Choice
Given the following accounts:
-Paid voucher #419 which was issued to reimburse petty cash for the purchase of supplies, $35, and delivery expense of $50.
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.
Correct Answer:

Verified
Correct Answer:
Verified
Q107: When there is a return after the
Q108: Name and discuss the two most important
Q109: Another name for the unpaid voucher file
Q110: Vouchers should be filed in the tickler
Q111: For each of the following, identify in
Q113: When a voucher transaction does not fit
Q114: Connect Company bought $13,000 of merchandise from
Q115: Unpaid vouchers are arranged by the voucher
Q116: For each of the following, identify in
Q117: The primary difference between the gross method