Question
Equipment costing $19600is purchased by paying $4900cash and signing a note payable for the remainder. The journal entry should include a debit to Cash. credit
Equipment costing $19600is purchased by paying $4900cash and signing a note payable for the remainder. The journal entry should include a
debit to Cash.
credit to Equipment.
credit to Notes Payable.
credit to Notes Receivable.
On January 14,Whispering Winds Corp.purchased supplies of $460on account. The entry to record the purchase will include
a debit to Supplies and a credit to Accounts Payable.
a debit to Accounts Receivable and a credit to Supplies.
a debit to Supplies and a credit to Cash.
a debit to Supplies expense and a credit to Accounts Receivable.
A trial balance will balance even if
a journal entry to record the purchase of equipment for cash of $50400is not posted.
a $18100cash dividend is debited to dividends for $18100and credited to cash for $1810.
a $510collection on accounts receivable is credited to accounts receivable for $510without a corresponding debit.
a purchase of supplies for $595on account is debited to supplies for $595and credited to accounts payable for $559.
Blossom Companyreports the following ledger account balances at June 30, 2022:
Cash
$1782Accounts receivable
2908Inventory
3804Prepaid rent
96Equipment
310Accumulated depreciation-equipment
64Accounts payable
924Unearned rent revenue
138Common stock
230Retained earnings
6780Service revenue
396Interest revenue
66Salaries and wages expense
190Insurance expense
96
Assuming that all of the accounts have normal balances, what are total credits on the company's trial balance at June 30, 2022?
$8628
$8598
$8534
$8532
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