Journal entry
Date | account and explanation | debit | Credit |
Supplies | XXX | ||
Account payable | XXX | ||
So answer is D. Debit supplies, credit accounts payable
The entry to record the purchase of supplies on account is: Select one: O A. Debit...
On January 14, Bramble Industries purchased supplies of $680 on account. The entry to record the purchase will include a debit to Supplies and a credit to Cash. a debit to Supplies and a credit to Accounts Payable. a debit to Accounts Receivable and a credit to Supplies. a debit to Supplies Expense and a credit to Accounts Receivable. Save for Later
Which of the following is the entry to record the purchase of inventory on account? Debit Inventory; Credit Cost of Goods Sold Debit Sales; Credit Accounts Receivable Debit Inventory; Credit Accounts Payable Debit Inventory; Credit Accounts Receivable Debit Accounts Payable; Credit Inventory
A company purchases office supplies for $3,500, paying $1,000 cash and the remainder on account. The entry to record this transaction is: Select one: O A. Debit: Supplies for $3,500; Credit Accounts payable for $3,500 . B. Debit: Supplies for $3,500; Credit: Cash for $1,000; Credit Accounts payable for $2,500 OC. Debit: Supplies for $3,500; Credit Supplies expense for $3,500 O D. Debit: Supplies for $1000; Credit Accounts payable for $1,000
Journalize the entries to correct the following errors: a. A purchase of supplies for $213 on account was recorded and posted as a debit to Supplies for $446 and as a credit to Accounts Receivable for $446. (Record the entry to reverse the error first.) b. A receipt of $4,410 from Fees Earned was recorded and posted as a debit to Fees Earned for $4,410 and a credit to Cash for $4,410.
7) The entry to record depreciation includes a debit to: A) the Equipment account. B) the Cash account. C) the Accumulated Depreciation account. D) the Depreciation Expense account. 8) An adjusting entry is completed: A) at the beginning of the accounting period. B) at the end of the accounting period. C) when the balance sheet is prepared. D) when accounts need to be balanced in the ledger. 9) Prior to recording adjusting entries, the Office Supplies account had a $359...
The entry to record the expenses paid for with petty cash is: Select one: O a. debit cash, credit petty cash b. debit expenses, credit petty cash C. debit expenses, credit cash d. debit petty cash, credit expenses be here to search ні е
A company received $8,500 from customers on account. The journal to record this transaction is: Select one: O A. Debit cash, Credit Accounts Payable O B. Credit Cash, Debit Accounts Receivable C. Debit Cash, Credit Accounts Receivable • D. Debit Accounts Receivable, Credit Cash
A business paid $3,200 on account. The journal entry would: O A. debit Accounts Payable for $3,200 and credit Cash for $3,200. O B. debit Cash for $3,200 and credit Accounts Payable for $3,200 O C. debit Accounts Receivable for $3,200 and credit Revenue for $3,200 O D. debit Cash for $3,200 and credit Retained Earnings for $3,200.
To increase the cash account, the bookkeeper will Select one: O a. debit cash O b. credit cash O c. debit accounts receivable O d. None of the above
The journal entry to record fees of $5,000 rendered on account is a Debit to Accounts Payable for $5,000 and a Credit to Fees for $5,000. Select one: True • False