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1 0 . The purchase of office equipment for cash would include a:A ) debit to CashB ) debit to Office EquipmentC ) credit to
The purchase of office equipment for cash would include a:A debit to CashB debit to Office EquipmentC credit to Accounts PayableD credit to Office Equipment Paying a dividend to the company's shareholders would include a:A debit to Cash and a credit to DividendsB debit to Dividends and a credit to CashC debit to Retained Earnings and a credit to DividendsD debit to Accounts Payable and a credit to Retained Earnings Posting, a part of the accounting process, refers to:A copying amounts from the accounts in the general ledger to the journalB copying amounts from the financial statements to the general ledgerC copying amounts from the journal to the appropriate accounts in the general ledgerD copying amounts from the general ledger to the financial statements An accountant who records a transaction only when cash is received or disbursed is points using which basis of accounting?A prepaidB accrualC cashD deferral Which of the following transactions would be recorded at the time the transaction occurs under the accrual basis, but would not be recorded until sometime in the futureunder the cash basis?A sale of merchandise on accountB payment of interest expensesC payment of employee salariesD issuance of stock On December a company receives an order from a customer for services to be performed on December Due to a backlog of orders, the company does not perform the services until January The customer pays for the services on January When should revenue be recorded by the company?A December B January C December D January
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