题目内容

August 31. Mornin Joe withdrew $1,200 cash from the company for personal use.The correct journal entry is:

A. Dr. Mornin Joe, Capital 1,200 Cr. Cash 1,200
B. Dr. Mornin Joe, Drawing 1,200 Cr. Cash 1,200
C. Dr. Miscellaneous expense 1,200 Cr. Cash 1,200

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August 31, Mornin Joe determined that the cost of supplies on hand at August 31 was $1,300.The correct journal entry is:

A. Dr. Supplies expense 1,200 Cr. Cash 1,200
B. Dr. Prepaid expense 1,200 Cr. Cash 1,200
C. Dr. Supplies expense 1,200 Cr. Supplies 1,200

August 29. The company received a bill for rent of equipment that was used on a recently completed job. The $780 rent cost must be paid within 30 days.The correct journal entry is:

A. Dr. Rent expense 780 Cr. Accounts payable 780
B. Dr. Rent expense 780 Cr. Cash 780
C. Dr. Prepaid expense 780 Cr. Cash 780

August 28. The company completed travelling service for $2,650 on credit.The correct journal entry is:

A. Dr. Cash 2,650 Cr. Fees earned 2,650
B. Dr. Accounts receivable 2,650 Cr. Sales 2,650
C. Dr. Accounts receivable 2,650 Cr. Fees earned 2,650

August 25. The company recorded the cash received in payment of services (on a cash basis) to customers, $16,000.The correct journal entry is:

A. Dr. Cash 16,000 Cr. Fees earned 16,000
B. Dr. Cash 16,000 Cr. Sales 16,000
C. Dr. Accounts receivable 16,000 Cr. Fees earned 16,000

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