Accounting Obj 4 Part 1

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The correct journal entry for the transaction PAID CASH TO REPAIR OFFICE EQUIPMENT is

Back

debit Repair Expense and credit Cash

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The correct journal entry for the transaction RECEIVED CASH ON ACCOUNT FROM BILL'S LIMOS is:

Back

debit Cash and credit Accounts Receivable/Bill's Limos

Front

The transaction RECEIVED A CHECK FOR LEGAL FEES would result in the journal entry: debit Cash and credit Legal Fees-Expense, debit Cash and credit Legal Fees-Revenue, debit Legal Fees-Expense and credit Cash, debit Miscellaneous Expense and credit Legal Fees-Revenue

Back

debit Cash and credit Legal Fees-Revenue

Front

The correct journal entry for the transaction PAID THE TELEPHONE BILL is:

Back

debit Telephone Expense and credit Cash

Front

What is the correct entry to correct the error of journalizing Utilities Expense as a debit to Repair Expense, $250? Options: debit Cash, $250; debit Utilities Expense, $250; debit Utilities Expense, $250; credit Cash, $250; debit Utilities Expense, $250; credit Repairs Expense, $250; debit Repair Expense, $250; credit Utilities Expense, $250

Back

debit Utilities Expense, $250; credit Repairs Expense, $250

Front

The correct journal entry for the transaction PAID CASH ON ACCOUNT TO VENDOR JONES SUPPLY is:

Back

debit Accounts Payable/Jones Supply and credit Cash

Front

The correct journal entry for the transaction PAID CASH FOR A DELIVERY(MISCELLANEOUS EXPENSE), is:

Back

debit Miscellaneous Expense and credit Cash

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Taco Home paid cash for advertising, $400. The journal entry to record this transaction is:

Back

debit Advertising Expense, $400; credit Cash, $400

Front

Classic Cars, Inc. paid $500 cash for supplies from Wendy's Supplies. The journal entry for Classic Cars, Inc. to record this transaction is:

Back

debit Supplies, $500; credit Cash, $500

Front

The correct journal entry for the transaction RECEIVED CASH ON ACCOUNT FROM BURKE SUPPLY is

Back

debit Cash and credit Accounts Receivable/Burke Supply