Multiple Choice
Perry Trucking has its local automotive service company change the oil on its trucks.They bill is $1,200,which Perry pays in cash.How would the company record this transaction?
A) Debit Trucks for $1,200 and credit Cash for $1,200.
B) Debit Repairs Expense for $1,200 and credit Cash for $1,200.
C) Debit Trucks for $1,200 and credit Accounts Payable for $1,200.
D) Debit Repairs Expense for $1,200 and credit Accounts Payable for $1,200.
E) Debit Depreciation Expense for $1,200 and credit Cash for $1,200.
Correct Answer:

Verified
Correct Answer:
Verified
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