题目内容

On August 31, it paid a $400 installment to repay the principal on the notes payable entered into on August 4.The correct journal entry is:

A. Dr. Accounts payable 400 Cr. Cash 400
B. Dr. Notes payable 400 Cr. Cash 400
C. Dr. Interest expense 400 Cr. Cash 400

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On August 2, Expressions paid $600 cash for buying furniture for the business.The correct journal entry is:

A. Dr. Furniture 600 Cr. Notes payable 600
B. Dr. Furniture 600 Cr. Cash 600
C. Dr. Furniture 600 Cr. Accounts payable 600

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On August 4, it purchased $1,200 of equipment on credit for the shop (using a long-term notes payable).The correct journal entry is:

A. Dr. Equipment 1,200 Cr. Accounts payable 1,200
B. Dr. Equipment 1,200 Cr. Cash 1,200
C. Dr. Equipment 1,200 Cr. Notes payable 1,200

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Jasmine Worthy started a hair-cutting services business, called Expressions. The following transactions occurred during its first month of business. Select the correct journal entry to record the following transactions for question 12 to question 21（以上题干适用于第12题至第21题，请为第12题至第21题中的每一笔业务，选择正确的分录）.On August 1, Worthy invested $3,000 cash and $15,000 of equipment in Expressions.The correct journal entry is:

A. Dr. Cash 3,000 Equipment 15,000 Cr. Jasmine Worthy, Capital 18,000
B. Dr. Cash 3,000 Equipment 15,000 Cr. Jasmine Worthy, Drawing 18,000
C. Dr. Investment 18,000 Cr. Jasmine Worthy, Capital 18,000

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The following transactions were completed by Montrose Company during May of the current year. Montrose Company uses a perpetual inventory system. Select the correct journal entries to record the following transactions of Montrose Company for question 1 to question 10（以上题干适用于第1题至第10题，请为第1题至第10题中的每一笔业务，选择正确的分录）.May 3. Purchased merchandise on account from Floyd Co., $4,000, terms FOB shipping point, 2/10, n/30. Floyd Co. prepaid freight of $120 and added the amount to the invoice.The correct journal entry is:

A. Dr. Merchandise inventory 4,120 Cr. Accounts payable 4,120
B. Dr. Merchandise inventory 4,000 Cr. Accounts payable 4,000
C. Dr. Merchandise inventory 4,120 Cr. Cash 4,120

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On August 31, it paid a $400 installment to repay the principal on the notes payable entered into on August 4.The correct journal entry is:

A. Dr. Accounts payable 400 Cr. Cash 400 B. Dr. Notes payable 400 Cr. Cash 400 C. Dr. Interest expense 400 Cr. Cash 400

On August 2, Expressions paid $600 cash for buying furniture for the business.The correct journal entry is:

On August 4, it purchased $1,200 of equipment on credit for the shop (using a long-term notes payable).The correct journal entry is:

A. Dr. Accounts payable 400 Cr. Cash 400
B. Dr. Notes payable 400 Cr. Cash 400
C. Dr. Interest expense 400 Cr. Cash 400