1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gnom [1K]
3 years ago
7

Which of the following journal entries will record the payment of a $675 accounts payable originally incurred for Office Supplie

s?A. Debit Office Supplies; credit Accounts PayableB. Debit Accounts Payable; credit CashC. Debit Office Supplies; credit CashD. Debit Cash; credit Accounts Payable
Business
1 answer:
sweet-ann [11.9K]3 years ago
8 0

Answer:

C. Debit Office Supplies; credit Cash

Explanation:

The journal entry is shown below:

Accounts Payable A/c Dr $675

             To Cash A/c $675

(Being the payment of an account payable is recorded)

For recording this transaction, we debited the account payable account and credited the cash account as cash is paid so it reduces the cash account for $675 so that the correct posting could be done

You might be interested in
Match the products below with the type of market in which they are sold.
hram777 [196]

Dollars - currency exchange market

Shares -stock markets

Wheat-commodity market

8 0
3 years ago
Read 2 more answers
Having the authority to define their own tasks makes it likely that workers will ______.
MArishka [77]

Answer: C, be more productive

Explanation: I just took the topic test on edgenuity.

7 0
3 years ago
Read 2 more answers
Which type of promotion do many people consider more credible because it is less biased
tekilochka [14]

Publicity is more credible because it is less biased :)

4 0
3 years ago
Read 2 more answers
Suppose the store wants to earn a daily profit of $150 from the sale of soccer balls. to earn this profit, what price should the
Alex73 [517]

need to solve the equation 150=-6x2+100x-180.  you can subtract 150 from both sides and use the quadratic formula to find x=4.53 and 12.13. this means that if the store sells soccer balls for 4.53$ or 12.13$ it will earn a daily profit of 150$

4 0
3 years ago
Read 2 more answers
l a fixed asset for $72,376 when its book value is $43,070. If your company's marginal tax rate is 25 percent, what will be the
tiny-mole [99]

Answer:

Cash flow= $64,847

Explanation:

Giving the following information:

Sellin price= $72,376

Tax rate= 25%

Book value= $43,070

<u>First, we need to calculate the gain from the sale and the tax:</u>

Gain= 72,376 - 43,070= $29,036

Tax= gain*tax rate

Tax= 29,036*0.25= $7,259

<u>Now, we can calculate the after-tax cash flow:</u>

<u></u>

Gain= 29,036

Tax= (7,259)

Book value= 43,070

Cash flow= $64,847

4 0
3 years ago
Other questions:
  • Companies raise capital in two main ways ___________.
    15·1 answer
  • How can formal business documents help managers solve problems?
    5·2 answers
  • On January 1, Garcia Supply leased a truck for a three-year period, at which time possession of the truck will revert back to th
    8·1 answer
  • Suppose that the United States and China trade exclusively with each other. What will happen to the value of the U.S. dollar, ce
    7·1 answer
  • A stock is currently priced at $52.50 a share. One year from now, the stock price is expected to be either $54 or $60 a share. T
    14·1 answer
  • The key for a company to achieve competitive advantage is either to provide superior value to customers or to deliver value more
    8·1 answer
  • A project will produce cash inflows of $5,400 a year for 3 years with a final cash inflow of $2,400 in Year 4. The project's ini
    11·1 answer
  • Interest rates are expressed as a percentage of
    14·2 answers
  • The Molding Department of Sunland Company has the following production data: beginning work in process 25200 units (70% complete
    11·1 answer
  • What are REITs? please help
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!