Entry for monthly rent payment
Option a) Debit rent expense and credit cash
Rent ( Expense) Dr
Cash ( Asset ) Cr
The payment for the monthly rent will require which of the following entries? Oa. debit Rent...
Coyote Co. paid $8,000 rent in advance. The journal entry would require: O A. debit to Cash, credit to Rent Expense. B. debit to Cash, credit to Prepaid Rent. ° C. debit to Prepaid Rent, credit to Cash. D. debit to Rent Expense, credit to Cash. The columns on a trial balance represent: OA. subtotals and totals. O B. revenues and expenses. O C. debits and credits O D. common stock and dividends The columns on a trial balance represent:...
A cash purchase of of merchandise is recorded with the following entry: OA) debit Inventory; credit Sales OB) debit Cash; credit Inventory OC) debit Inventory; credit Cash OD) debit Cost of Goods Sold; credit Cash
Which of the following accounts will not be closed at the end of the year? OA) Fees Earned OB) Unearned Rent OC) Salaries Expense OD) Depreciation Expense
A journal entry for a $800 payment for Prepaid Rent was erroneously recorded as a debit to Prepaid Rent for$1,000 and a credit to Cash for $800. Which of the following statements correctly states the effect of the error on the trial balance? O A. The sum of the debits will exceed the sum of the credits by $200. B. The sum of the debits will exceed the sum of the credits by $1,800. OC. The sum of the credits...
A $4,500 payment for Rent Expense was incorrectly journalized and posted as a debit to Rent Expense for $5,400 and a credit to Cash for $5,400. The correcting entry, using the one-step method, would include a Select one: a. debit to Cash for $900. b. credit to Rent Expense for $4,500. c. credit to Rent Expense for $5,400. d. credit to Cash for $90.
A journal entry for a $65 payment for rent expense was posted as a debit to Salaries Expense and a credit to Cash. Which of the following statements correctly states the effect of the error on the trial balance? O A. The sum of the credits will equal the sum of the debits. OB. The sum of the debits will exceed the sum of the credits by $65. O C. The sum of the debits will exceed the sum of...
11) Which of the following entries records the cash payment of an Account Payable? a. debit Cash; credit Accounts Payable b. debit Accounts Receivable; credit Cash c. debit Cash; credit Expense d. debit Accounts Payable; credit Cash 12) Haselhof Company purchases equipment for $2,400 and supplies for $700 from Behrman Co. for $3,100 cash. The entry for this transaction will include a a. debit to Equipment $2,400 and a debit to Supplies Expense $700 for Behrman. b. credit to Cash...
Given the following list of accounts with normal balances, what are the trial balance totals of the debits and credits? $1,100 800 2,000 Cash Accounts Receivable Capital Accounts Payable Service Fees Earned Rent Expense 900 1,000 2,000 | OA) $4,800 debit, $4,800 credit OB) $1,900 debit, $1,900 credit OC) $1,100 debit, $1,100 credit OD) $3,900 debit, $3,900 credit
Which of the following statements is correct? O A. Unearned Revenue is increased with a debit OB. Rent Expense is increased with a credit. O C. Accounts Payable is increased with a credit. OD. Prepaid Expenses are decreased with a debit.
Recording jobs shipped and customers billed would include a debit to Oa. Accounts Payable Ob. Finished Goods Oc. Cost of Goods Sold Od. Cash