Homework Answers
Answe 1 - D All of the above
Answer 2 - D Debit supplies for $29000 and credit accouts payable for $29000
Answer 3 - C $5760
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Which of the following costs for a delivery vehicle should NOT be capitalized? O A. repair...
Which of the statements of the rules of debit and credit is true? O A. Increase...
Which of the statements of the rules of debit and credit is true? O A. Increase Accounts Payable with a credit and the normal balance is a credit OB. Decrease Accounts Receivable with a credit and the normal balance is a credit. OC. Decrease Cash with a debit and the normal balance is a debit. OD. Increase Revenue with a debit and the normal balance is a debit. Click to select your answer. Tyne here to search Which type of...
A business buys $300 of office supplies on account. Which of the following accounts is debited?...
A business buys $300 of office supplies on account. Which of the following accounts is debited? O A. Accounts Receivable OB. Accounts Payable OC. Cash OD. Office Supplies
A company using the perpetual inventory system purchased inventory worth $500.000 on account with crede terms...
A company using the perpetual inventory system purchased inventory worth $500.000 on account with crede terms of 3/16, 1/40. Defective inventory of 570.000 was returned 3 days later, and the accounts were appropriately adjusted if the company paid the invoice 30 days later, the journal entry to record the payment would be O A 5430.000 debit to Accounts Payable and 5430,000 credit to Cash O . 5500.000 debit to Accounts Payable and $500,000 credit to Cash OC. 3500,000 debit to...
Tom Zopf owns and manages a computer repair service, which had the following trial balance on...
Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2019 (the end of its fiscal year). Credit Tablette Repair Service, Inc. Trial balance December 31, 2019 Debit Cash $ 8,000 Accounts Receivable 15,000 Supplies 11,000 Prepaid Rent 3,000 Equipment 21,000 Accounts Payable Common Stock Retained Earnings $58,000 $17,000 30,000 11,000 $58,000 Summarized transactions for January 2020 were as follows. 1. 2. 3. 4. 5. 6. 7. 8. Advertising costs, paid in...
If you debit Prepaid Insurance, you most likely will: O A. credit Cash. O B. credit...
If you debit Prepaid Insurance, you most likely will: O A. credit Cash. O B. credit Insurance Expense. O C. credit Capital. O D. credit Fees Earned. Sue's Book Review billed customers $550. The journal entry to record this transaction is: O A. Editing Fees, debit $550; Riley, Capital, credit $550 O B. Cash, debit $550; Riley, Accounts Receivable, credit $550 O C. Accounts Payable, debit $550; Editing Fees, credit $550 OD. Accounts Receivable, debit $550; Editing Fees, credit $550...
This Question: 1 pt 3 of 20 (0 complete) This Test:20p Sedlor Properties purchased office supplies...
This Question: 1 pt 3 of 20 (0 complete) This Test:20p Sedlor Properties purchased office supplies on account for $800 Which journal entry records the payment on account of those office supplies? (Assuifle the occurred in a prior period.) Date Accounts and Explanation Debit Credit 800 OA. Office Supplies Cash OB. Accounts Payable Cash 800 OC Accounts Payable Accounts Receivable 800 OD. Cash 800 Accounts Payable answer De here to search
aldson's Delivery Company began p on December 31, 2010 o ny Donald 1. 2018 The 's...
aldson's Delivery Company began p on December 31, 2010 o ny Donald 1. 2018 The 's Delivery Service Company Talance December 31, 2010 Cr De $15.50 8.000 2.400 1.400 25,000 32.000 23,000 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Land Building Equipment Accounts Payable Uneared Revenue Notes Payable Donaldson, Capital Donaldson, Withdrawals Service Revenue Salaries Expense Rent Expense Truck Expense Office Expense 10.400 2.500 20.000 57.000 6,400 83.900 28.000 18.000 12.400 1,700 $173,800 Total $173,800 What is the...
In a perpetual inventory system, the credit columns of a typical cash payments journal are O...
In a perpetual inventory system, the credit columns of a typical cash payments journal are O A. Merchandise Inventory column and Accounts Payable column OB. Other Accounts column and Accounts Payable column OC. Merchandise Inventory column and Cash column OD. Other Accounts column and Cash column
Tom Zopf owns and manages a computer repair service, which had the following trial balance on...
Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2018 (the end of its fiscal year). Sheridan Company Prepare a trial balance. December 31, 2018 Debit Credit Cash $ 8.400 Accounts Receivable 15,600 Supplies 13.100 Prepaid Rent 4,000 Equipment 19,800 Accounts Payable $19,400 Common Stock 30.000 Retained Earnings 11,500 $60,900 $60,900 Summarized transactions for January 2019 were as follows. 1. Advertising costs, paid in cash, $1,100. 2. Additional supplies acquired on...
Which of the following transactions does not affect cash during a period? O A. Exercise of...
Which of the following transactions does not affect cash during a period? O A. Exercise of the call option on bonds payable OB. Write-off of an uncollectible account OC. Collection of an accounts receivable OD. Sale of treasury stock
Which of the statements of the rules of debit and credit is true? O A. Increase Accounts Payable with a credit and the normal balance is a credit OB. Decrease Accounts Receivable with a credit and the normal balance is a credit. OC. Decrease Cash with a debit and the normal balance is a debit. OD. Increase Revenue with a debit and the normal balance is a debit. Click to select your answer. Tyne here to search Which type of...
A business buys $300 of office supplies on account. Which of the following accounts is debited? O A. Accounts Receivable OB. Accounts Payable OC. Cash OD. Office Supplies
A company using the perpetual inventory system purchased inventory worth $500.000 on account with crede terms of 3/16, 1/40. Defective inventory of 570.000 was returned 3 days later, and the accounts were appropriately adjusted if the company paid the invoice 30 days later, the journal entry to record the payment would be O A 5430.000 debit to Accounts Payable and 5430,000 credit to Cash O . 5500.000 debit to Accounts Payable and $500,000 credit to Cash OC. 3500,000 debit to...
Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2019 (the end of its fiscal year). Credit Tablette Repair Service, Inc. Trial balance December 31, 2019 Debit Cash $ 8,000 Accounts Receivable 15,000 Supplies 11,000 Prepaid Rent 3,000 Equipment 21,000 Accounts Payable Common Stock Retained Earnings $58,000 $17,000 30,000 11,000 $58,000 Summarized transactions for January 2020 were as follows. 1. 2. 3. 4. 5. 6. 7. 8. Advertising costs, paid in...
If you debit Prepaid Insurance, you most likely will: O A. credit Cash. O B. credit Insurance Expense. O C. credit Capital. O D. credit Fees Earned. Sue's Book Review billed customers $550. The journal entry to record this transaction is: O A. Editing Fees, debit $550; Riley, Capital, credit $550 O B. Cash, debit $550; Riley, Accounts Receivable, credit $550 O C. Accounts Payable, debit $550; Editing Fees, credit $550 OD. Accounts Receivable, debit $550; Editing Fees, credit $550...
This Question: 1 pt 3 of 20 (0 complete) This Test:20p Sedlor Properties purchased office supplies on account for $800 Which journal entry records the payment on account of those office supplies? (Assuifle the occurred in a prior period.) Date Accounts and Explanation Debit Credit 800 OA. Office Supplies Cash OB. Accounts Payable Cash 800 OC Accounts Payable Accounts Receivable 800 OD. Cash 800 Accounts Payable answer De here to search
aldson's Delivery Company began p on December 31, 2010 o ny Donald 1. 2018 The 's Delivery Service Company Talance December 31, 2010 Cr De $15.50 8.000 2.400 1.400 25,000 32.000 23,000 Account Title Cash Accounts Receivable Prepaid Rent Office Supplies Land Building Equipment Accounts Payable Uneared Revenue Notes Payable Donaldson, Capital Donaldson, Withdrawals Service Revenue Salaries Expense Rent Expense Truck Expense Office Expense 10.400 2.500 20.000 57.000 6,400 83.900 28.000 18.000 12.400 1,700 $173,800 Total $173,800 What is the...
In a perpetual inventory system, the credit columns of a typical cash payments journal are O A. Merchandise Inventory column and Accounts Payable column OB. Other Accounts column and Accounts Payable column OC. Merchandise Inventory column and Cash column OD. Other Accounts column and Cash column
Tom Zopf owns and manages a computer repair service, which had the following trial balance on December 31, 2018 (the end of its fiscal year). Sheridan Company Prepare a trial balance. December 31, 2018 Debit Credit Cash $ 8.400 Accounts Receivable 15,600 Supplies 13.100 Prepaid Rent 4,000 Equipment 19,800 Accounts Payable $19,400 Common Stock 30.000 Retained Earnings 11,500 $60,900 $60,900 Summarized transactions for January 2019 were as follows. 1. Advertising costs, paid in cash, $1,100. 2. Additional supplies acquired on...
Which of the following transactions does not affect cash during a period? O A. Exercise of the call option on bonds payable OB. Write-off of an uncollectible account OC. Collection of an accounts receivable OD. Sale of treasury stock
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