Question
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
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