• 2022-06-07
    Indicate whether each of the following is identified with an asset.
    A: Owner's Investment
    B: Supplies
    C: Accounts Payable
    D: Notes Payable
  • B

    内容

    • 0

      Liabilities are amounts owned to outsiders, such as notes payable, accounts payable, .

    • 1

      Which ones are included by liabilities? A: Notes payable B: Rent revenue C: Accounts payable D: Taxes payable

    • 2

      Accounts payable appear on which of the following statements? ( ) A: Balance sheet. B: Income statement. C: Statement of owner's equity. D: Statement of cash flows.

    • 3

      Which ONE of the following is an error of principle? A: A gas bill credited to gas account and debited to the bank account. B: The purchase of a non-current asset credited to the asset account at cost and debited to the payable’s account. C: The purchase of a non-current asset debited to the purchases account and credited to the payable’s account. D: The payment of wages debited and credited to the correct accounts, but using the wrong amount.

    • 4

      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