A doctor purchases medical supplies of $640 and pays $290 cash with the remainder on account. The journal entry for this transaction would be which of the following?
A: SuppliesAccounts ReceivableCash
B: SuppliesAccounts PayableCash
C: SuppliesAccounts PayableCash
D: SuppliesAccounts ReceivableCash
A: SuppliesAccounts ReceivableCash
B: SuppliesAccounts PayableCash
C: SuppliesAccounts PayableCash
D: SuppliesAccounts ReceivableCash
举一反三
- An attorney performs services of $900 for a client and receives $100 cash with the remainder on account. The journal entry for this transaction would
- Which of the following errors would cause a trial balance not to balance? A: An error in the addition in the cash book B: Failure to record a transaction at all C: Cost of a motor vehicle debited to motor expenses account. The cash entry was correctly made D: Goods taken by the proprietor of a business recorded by debiting purchases and crediting drawings account
- 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.
- 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.
- A company purchase supplies £7,100 on credit. The two accounts affected by this transaction are the supplies account and the __________ account. A: