Multiple Choice
The proper journal entry to purchase a computer costing $975 on account on January 2 to be utilized within the business would be:
A)
Supplies 975
Accounts Payable 975
B) Jan 2 Office Equipment
Accounts Payable 975
C)
Jan 2 Office Supplies
Accounts Receivable 975
D) Jan 2 Office Equipment 975
Accounts Receivable 975
Correct Answer:

Verified
Correct Answer:
Verified
Q2: On June 1, 2014, Aaron Company purchased
Q10: The depreciable cost of a building is
Q28: Once the useful life of a depreciable
Q70: Expenditures that add to the utility of
Q71: The cost of replacing an engine in
Q74: The cost of a patent with a
Q85: A double-declining balance rate for calculating depreciation
Q123: A gain can be realized when a
Q125: The normal balance of the accumulated depreciation
Q170: Convert each of the following estimates of