Answered step by step
Verified Expert Solution
Question
1 Approved Answer
16) The entry to record the payment of office salaries would be: A) Debit Cash; Credit Salaries PayableB) Debit Cash; Credit Salaries ExpenseC) Debit Salaries
16) The entry to record the payment of office salaries would be: A) Debit Cash; Credit Salaries PayableB) Debit Cash; Credit Salaries ExpenseC) Debit Salaries Expense; Credit Accounts PayableD) Debit Salaries Expense; Credit Cash17) Which of the following entries would record the payment of a utility bill?A) Utilities Expense, debit; Cash, creditB) Cash, debit; Utilities Expense, creditC) Utilities Expense, debit; Accounts Payable, creditD) Accounts Receivable, debit; Utilities Expense, credit18) Which of the following entries records the owner taking cash for personal use?A) Wage Expense, debit; Cash, creditB) Capital, debit; Cash, creditC) Withdrawals, debit; Cash, creditD) No entry is necessary since this is a personal transaction.19) During the month of June, Jane invested $19,000 in starting her legal practice. The proper journal entry would be:A) Cash, debit $19,000; Jane, Capital, credit $19,000B) Accounts Payable, debit $19,000; Cash, credit $19,000 C) Cash, debit $19,000; Revenue, credit $19,000D) Jane's Capital, debit $19,000; Cash, credit $19,00020) Which of the following entries records the acquisition of office supplies for cash?A) Office Supplies4000Cash4000B) Office Supplies4000Accounts Payable4000C) Equipment4000Accounts Payable4000D) Equipment4000Accounts Receivable4000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Lets address the provided questions based on the worksheet and standard accounting principles 16 The entry to record the payment of office salaries wo...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started