select correct answers. AND EXPLIAN WHY ?
1. The entry to record the purchase of supplies for $200 cash would be:
select one:
A. supplies200, account payable 200
B. supplies 200, cash200
C.cash 200 supllies expense 200
D. cash 200 supplies 200
2. Provding services for 2,000,where cash is immediate received ,will cause:
select one:
A. a cash to be credited for 2,000
B. service revenue to be debited for 2,000
C. account receivable to be credited for 2,000
D.service revenue to be credited for 2,000
3. Receving cash from a customer in payment of an account receivable would:
seclet one:
A. increase owner\'s equity and increase liablities
B. have no affect on total asset or owner\'s equity
C. increase total asset and decrease liabilities
D. decrease total asset and increase owner\'s equity
4. a bussiness paid $4,000 to a creditor .the effect of this transaction is to:
select one :
A.decrease liabilities and owner\'s equity
B. increase asset and decrease owner\'s equity
C.increase assets and decrease liabilities
D.decrease asset and decrease liabilities
5. Preforming a service for $500 cash and $700 on account would include a:
select one :
A. debit to service revenue for $1,200
B. credit to service revenue for $500
C. debit to cash for $1,200
D. debit to accounts receivable for $700
Solution
1...B 2....D 3....B 4...D 5...D
.
Measures of Central Tendency: Mean, Median and Mode
select correct answers- AND EXPLIAN WHY - 1- The entry to record the p.docx
1. select correct answers. AND EXPLIAN WHY ?
1. The entry to record the purchase of supplies for $200 cash would be:
select one:
A. supplies200, account payable 200
B. supplies 200, cash200
C.cash 200 supllies expense 200
D. cash 200 supplies 200
2. Provding services for 2,000,where cash is immediate received ,will cause:
select one:
A. a cash to be credited for 2,000
B. service revenue to be debited for 2,000
C. account receivable to be credited for 2,000
D.service revenue to be credited for 2,000
3. Receving cash from a customer in payment of an account receivable would:
seclet one:
A. increase owner's equity and increase liablities
B. have no affect on total asset or owner's equity
C. increase total asset and decrease liabilities
D. decrease total asset and increase owner's equity
4. a bussiness paid $4,000 to a creditor .the effect of this transaction is to:
select one :
A.decrease liabilities and owner's equity
B. increase asset and decrease owner's equity
2. C.increase assets and decrease liabilities
D.decrease asset and decrease liabilities
5. Preforming a service for $500 cash and $700 on account would include a:
select one :
A. debit to service revenue for $1,200
B. credit to service revenue for $500
C. debit to cash for $1,200
D. debit to accounts receivable for $700
Solution
1...B 2....D 3....B 4...D 5...D
