Answered step by step
Verified Expert Solution
Question
1 Approved Answer
it would be so appropriate it if u can answer all of those. thank u! please! number 14 is the one i need the help
it would be so appropriate it if u can answer all of those. thank u! please!
number 14 is the one i need the help the most thank you
Question 14 2 pts 14. The accountant of South Boot Company recorded a transaction by debiting Accounts Payable and crediting Cash. Which of the following transactions did the accountant record? A The purchase of goods or services on account O B. Payment to suppliers for goods or services previously purchased on account OC. Investment of cash by the owner D. Receipt of payment for goods or services previously supplied to customers on account. D Question 15 2 pts 15. A company receives $50 million by issuing new shares of stock. It uses the cash received to pay off a long-term promissory note. Which of the following accounts would be used to record these 2 transactions? O A. Cash. Investments and Notes Payable O B. Common Stock Investments and Accounts Payable OC Cash, Common Stock and Accounts Payable O D. Cash. Common Stock and Notes Payable D Question 16 2 pts 16. Which of the following business events would not be recorded in the accounting records? O A Obtaining a bank loan a O B. Putting down a deposit on a new vehicle C. Signing a contract to rent equipment in the next accounting period OD. Receiving a deposit from a customer 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