Multiple Choice
Which of the following journal entries will record the payment of a $850 accounts payable originally incurred for Office Supplies?
A) Debit Office Supplies; credit Cash
B) Debit Office Supplies; credit Accounts Payable
C) Debit Cash; credit Accounts Payable
D) Debit Accounts Payable; credit Cash
Correct Answer:
Verified
Correct Answer:
Verified
Q26: Transactions are first recorded in the general
Q27: A compound entry does not necessarily have
Q28: Which of the following is a correct
Q29: When invoices are sent to customers billing
Q30: The Supplies account balance at the end
Q32: Terry Company purchased supplies for $7,000 on
Q33: The post-closing trial balance includes only balance
Q34: West Company signed a one-year lease on
Q35: Recording the payment of dividends to shareholders
Q36: JT's Grill, an upscale restaurant on the