April $4-$ You register your business name with Service Ontario for $$60,$ using the business credit

card. How will FF$-$Up record the April $4$ transaction? $(1$ point$)$

increase Business Licence and decrease Cash x

increase both Business Licence and Accounts Payable

increase Accounts Payable and decrease Cash

no entry because a business name is intangible

increase Office Expense and decrease Cash April $11-$ You pay a student $$80$ cash to deliver $400$ of your flyers to the homes in your area. How

will FF$-$Up record the April $11$ transaction? you can pick more then one

decrease Wages Expense by $$80$

decrease Cash by $$80$

increase Wages Expense by $$80$

decrease Cash by $$306$

increase Advertising Expense by $$226*$

increase Cash by $$306$ X

increase Cash by $$80$

decrease Prepaid Advertising by $$226$

decrease Advertising Expense by $$226$

increase Prepaid Advertising by $$226$ April $29-$ You spent $$156$ from your personal funds in car expenses this month. Two$-$thirds of this

was business travel and the business pays you cash from the business bank account to

reimburse you. How will FF$-$Up record the April $29$ transaction? $(1$ point$)$

increase both Accounts Payable and Car Expense by $$104$

decrease Cash and increase Car Expense by $$52$

increase both Accounts Payable and Car Expense by $$52$

decrease Cash by $$104,$ increase Accounts Payable by $$52,$ and increase Car Expense by $$156$

decrease Cash and increase Car Expense by $$104$ April $30-$ You pay the entire balance owing on the business credit card. How will FF$-$Up record

this April $30$ transaction? $(1$ point$)$

decrease both Cash and Accounts Payable, $$3,194$

decrease both Cash and Accounts Payable, $$1,575$

decrease both Cash and Accounts Payable, $$4,725$

decrease both Cash and Accounts Payable, $$3,150$

decrease both Cash and Accounts Payable, $$4,769$