Multiple Choice
Monaco & Associates
Use the following five transactions for Monaco & Associates to answer the following question.
Oct. 1 Bills are sent to clients for services provided in September in the amount of .
9 Dravo Co. delivers office furniture and office supplies to Monaco leaving an invoice for .
15 Payment is made to Dravo Co. for the furniture and office supplies delivered on October 9 .
23 A bill for for electricity for the month of September is received and will be paid on its due date in November.
31 Salaries of are paid to employees.
-See the transactions for Monaco & Associates. ?
The journal entry to record the October 15 transaction will include a debit of $1,220 to
A) Salaries Expense.
B) Salaries Payable.
C) Prepaid Expenses.
D) Accounts Payable.
Correct Answer:

Verified
Correct Answer:
Verified
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