How will QAD record the March 1 transaction? (1 mark)

a. No entry is needed.

b. decrease Cash and increase Bank Loan Payable, $20

c. decrease Cash and increase Accounts Payable, $20

d. increase both Cash and Owner's Capital, $20

Enter the letter that corresponds to your choice. (A B C D)

How will QAD record the March 2 transaction? (1 mark)

a. increase both Cash and Accounts Payable, $3,000

b. increase both Cash and Bank Loan Payable, $3,000

c. increase both Cash and Owner's Capital, $3,000

d. increase both Cash and Revenue, $3,000

e. increase both Cash and Retained Earnings, $3,000

Enter the letter that corresponds to your choice. (A B C D E)

How will QAD record the March 3 transaction? (1 mark)

a. increase both Cash and Accounts Payable, $4,000

b. increase both Cash and Bank Loan Payable, $4,000

c. increase both Cash and Owner's Capital, $4,000

d. increase both Cash and Revenue, $4,000

e. increase both Cash and Retained Earnings, $4,000

Enter the letter that corresponds to your choice. (A B C D E)

How will QAD record the March 4 transaction? (1 mark)

a. decrease Cash $3,000 and increase Rent Expense $3,000

b. decrease Cash $500 and increase Rent Expense $500

c. decrease Cash $3,000 and increase Prepaid Rent $3,000

d. decrease Cash $3,000, increase Rent Expense $3,000

e. no entry is required.

Enter the letter that corresponds to your choice. (A B C D E)

How will QAD record the March 6 transaction? (1 mark)

a. increase both Equipment and Accounts Payable, $452

b. increase Supplies Expense and decrease Cash, $400

c. increase Supplies and decrease Cash,$452

d. increase both Supplies Expense and Accounts Payable, $452

e. increase both Supplies and Accounts Payable, $452

Enter the letter that corresponds to your choice. (A B C D E)

How will QAD record the March 7 transaction? (1 mark)

a. increase Supplies and decrease Cash, $2,000

b. increase both Supplies Expense and Accounts Payable, $2,000

c. increase Supplies Expense and decrease Accounts Payable, $2,000

d. increase both Supplies and Accounts Payable, $2,000

e. increase both Equipment and Accounts Payable, $2,000

f. increase Equipment and decrease Cash, $2,000

Enter the letter that corresponds to your choice. (A B C D E F)

You work from a rented garage and your customers bring their cars to you, and pick rs. You work from a rented garage and your customers bring their cars to you, and pick rs