The purchase of tools on account is recorded by a
A: debit to Accounts Payable and a credit to Tools.
B: credit to Tools and a credit to Accounts Payable.
C: debit to Tools and a credit to Accounts Payable.
D: debit to Tools and a debit to Accounts Payable.
A: debit to Accounts Payable and a credit to Tools.
B: credit to Tools and a credit to Accounts Payable.
C: debit to Tools and a credit to Accounts Payable.
D: debit to Tools and a debit to Accounts Payable.
举一反三
- An attorney performs services of $1,100 for a client and receives $400 cash, with the remainder on account. The journal entry for this transaction would A: debit Cash, debit Service Revenue, credit Accounts Receivable. B: debit Cash, debit Accounts Receivable, credit Service Revenue. C: debit Cash, credit Service Revenue. D: debit Cash, credit Accounts Receivable, credit Service Revenue.
- Typical current liability accounts include accounts payable,unearned revenue, bonds payable.
- A purchase of inventory on credit is referred to as a(n) A: notes receivable. B: accounts receivable. C: accounts payable. D: capital stock. E: notes payable.
- Which of the following accounts normally contain a credit balance? A: land B: Accounts Receivable. C: Accounts Payable. D: Cash
- Phrase and accounting term translation from Chinese into English.“增减记账法” A: increase-decrease bookkeeping B: accounts payable to suppliers C: notes payable D: debit