Question

Vaune 9,800 3,200 Cash , * March to accounts Payable Pald creditors on account. What effect does the joypal coley have become Deconecte poble. Der о беспее воосный рома, ведь она .. Decretali, Inocentesco b Increase mecounts payabile, fitues ? Walch of following donate blogge n .. . Adans nya ter moichly penal Code ali bil. Edit Agunje recel in toek la exchango for depoeling is po Inn bank account the natop of Belly List Slavico ..Bir Lain Service provided on to detained and on or $600, Od Bin Adanas purchased hedge trinaere forber lain werden, solange to ply to muppler seat month. which the follotg e doselilotologiescom O comée Supple.deblt:Oul, credit - 8. Alle Recalable,deby Ohtlos Supples, eredit: O cortice Supplies, diedit: Accounts Payablo.ceedle o drást, delike ottico Supptilies, siedle 5.9. see attached 10 See attached

Answer 1

6)

The correct option is (b).

Supporting explanations:

Accounts payable always has credit balance and when it increases, it is credited and when it decreases, it is debited. When paying off the creditors, the balance decreases so it is credited. Cash always has debit balance and when it increases, it is debited and when it is decreases, it is credited. When paying off the creditors, the cash decreases, hence, it is credited. Therefore, when paying off the creditors, the accounts payable decreases and also the cash decreases.

7)

The correct option is (a)

Supporting explanations:

All of the remaining options given are relating to business, hence, all remaining three are business transactions but paying her monthly personal credit card bill doesn't have any relation with the business so it can't be treated as a business transaction. Hence, option (a) is correct.

8)

The correct option is (c ).

Supporting explanations:

Office supplies are always has debit balance and when they increase, they will be debited and when they decrease, they will be credited. Acquisition of office supplies will increase its balance so they will be debited. Accounts payable always has credit balance and when they increase, accounts payable will be credited and when they paid, they will be debited. Purchasing office supplies on account will increase the balance of accounts payable, hence, they will be credited. Therefore, the correct option is c) Office supplies increases so debited and Accounts payable increases so credited.

No attachments found.