Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

24-Baby Granger Company received a $2125 credit card bill which showed purchases of office of supplies for $250, Books on running a business for $75,

24-Baby Granger Company received a $2125 credit card bill which showed purchases of office of supplies for $250, Books on running a business for $75, and software for $1800, which of the following transactions should the bookkeeper post when paying the credit card bill in full?

A-Credit Cash $2125; Debit Credit Card Expenses $2125.

B-Credit Credit card Payable $2125; debit Office Expense $250; debit Education $75; debit Equipment for $1800.

C- Debit Credit card Payable $2125; credit Office Expense $250; credit Education $75; credit Equipment for $1800.

D-Credit Cash $2125; debit credit cards payable $2125.

E- Credit Cash $2125; debit Education Expense $ 75; debit office Expense $250; debit Equipment payable $1800.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Robert Libby, Patricia Libby, Frank Hodge

10th edition

1259964949, 1259964947, 978-1259964947

More Books

Students also viewed these Accounting questions

Question

What are the objectives of job evaluation ?

Answered: 1 week ago

Question

Write a note on job design.

Answered: 1 week ago

Question

Compute the derivative of f(x)cos(-4/5x)

Answered: 1 week ago

Question

Discuss the process involved in selection.

Answered: 1 week ago