1) If supplies are purchased on account, which account should becredited?

Question options:

Accounts payable

Supplies

Supplies expense

Cash

2) A "copyright" would fall under which major category of intangible assets?

Question options:

Technology-related

None of the other answers are correct

Marketing-related

Artistic-related

3) Which of the following would be considered a commonloss contingency?

Question options:

Payroll taxes

Notes payable

Unearned sales revenues

Warranty costs

3) On July 17, Middle Town Accounting is paid $590 for future tax consulting services.Record the journal entry for the payment.