Accounting 1 4.01

Front

The correct journal entry for the transaction, PAID CASH FOR AN OFFICE DESK, is:

Back

debit Office Equipment and credit Cash.

Front

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

Back

debit Miscellaneous Expense? credit Cash.

Front

The correct journal entry for the transaction PAID CASH FOR RENT is: debit Miscellaneous Expense? credit Cash., debit Rent Expense? credit Cash., debit Cash? credit Rent Expense., debit Cash? credit Utilities Expense.

Back

debit Rent Expense? credit Cash.

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 transaction SOLD SERVICES ON ACCOUNT TO BETH PARKER would result in the journal entry:

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debit Accounts Receivable/Beth Parker and credit Sales.

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.

Front

The Pool Palace paid cash for the telephone bill, $225. The journal entry to record this transaction is:

Back

debit Telephone Expense, $225; credit Cash, $225.

Front

The correct journal entry for the transaction BOUGHT SUPPLIES ON ACCOUNT FROM JONES SUPPLY COMPANY is: debit Supplies and credit Cash., debit Accounts Payable/Jones Supply Company and credit Cash., debit Account Payable/Jones Supply Company and credit Supplies., debit Supplies and credit Accounts Payable/Jones Supply Company.

Back

debit Supplies and credit Accounts Payable/Jones Supply Company.

Front

The correct journal entry for the transaction PAID CASH FOR STORE EQUIPMENT is:

Back

debit Store Equipment? credit Cash.

Front

Pesky Termite received $85 cash from Bad Wood Hotel for payment on account. The journal entry for Pesky Termite to record this transaction is:

Back

debit Cash, $85; credit Accounts Receivable/Bad Wood Hotel, $85.