Your company purchased art supplies for $1,400 cash and office supplies for $700 cash from Rocklin Supply Company. The accounting clerk recorded the transaction as: Dr. Art Supplies $1,400 Cr. Cash $2,100
举一反三
- Your company purchased on credit art equipment from Greg’s Equipment Company for $3，900. The transaction will be recorded as：（ ） A: Dr. Accounts Payable $3,900 Cr. Art Equipment $3,900 B: Dr. Art Equipment $3,900 Cr. Accounts Payable $3,900 C: Dr. Cash $3,900 Cr. Art Equipment $3,900 D: Dr. Art Equipment $3,900 Cr. Cash $3,900
- January 28. Wizsolution made a partial payment of $500 cash on the supplies and office equipment purchased in transaction of January 15.The correct journal entry is: A: Dr. Miscellaneous expense 500 Cr. Cash 500 B: Dr. Notes payable 500 Cr. Cash 500 C: Dr. Accounts payable 500 Cr. Cash 500
- January 15. Wizsolution purchased $1,000 of supplies and $1,700 of office equipment on credit.The correct journal entry is: A: Dr. Supplies 1,000 Office equipment 1,700 Cr. Accounts payable 2,700 B: Dr. Supplies 1,000 Office equipment 1,700 Cr. Notes payable 2,700 C: Dr. Supplies 1,000 Office equipment 1,700 Cr. Cash 2,700
- Your company purchased on credit art equipment from Greg’s Equipment Company for $3,900. The transaction will be recorded as:
- August 25. The company recorded the cash received in payment of services (on a cash basis) to customers, $16,000.The correct journal entry is: A: Dr. Cash 16,000 Cr. Fees earned 16,000 B: Dr. Cash 16,000 Cr. Sales 16,000 C: Dr. Accounts receivable 16,000 Cr. Fees earned 16,000