Mary pays in cash.
举一反三
- The working capitalcycle moves from cash to inventory to receivables and back to cash.
- The statement of cash flows should be reviewed for several time periods in order to determine the major sources of cash and the major uses of cash.
- FastForward purchased $25,000 of equipment for cash. The Equipment asset account is _______________ for $25,000 and the cash account is _______________ for $25,000.
- When a company pays a bill, the account Cash will be__. A: No change B: Debited C: Credited
- Matthew Company purchases a trading security for $12,000 cash. The journal entry to record this transaction will include a: A: debit to the Investment in Trading Securities account and a credit to Cash. B: debit to Cash and a credit to the Investment in Trading Securities account. C: debit to Long-term Investment and credit Cash. D: debit to Dividend Revenue and credit to Cash.