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Jackson Company purchases inventory costing $15.000. Of this $15,000 $4,500 is paid in cash and the remainder is on account. Which one of the following
Jackson Company purchases inventory costing $15.000. Of this $15,000 $4,500 is paid in cash and the remainder is on account. Which one of the following is included in the journal entry to record this purchase? O CREDIT to Cash for 4,500 O DEBIT to Inventory for 10.500 O DEBIT to Inventory for 4.500 O DEBIT to Accounts Payable for 15.000 O CREDIT to Accounts Payable for 15,000 Question 14 1 pts Using the data below, compute TOTAL EXPENSES, Dividends Total Revenues Prepaid Rent Expense Beginning Retained Earnings Ending Retained Earnings $800 5.000 1.000 0 0 1.600 O $3,600 O $3.400 O $1,000 O $1,800 O $3,800 O $2,600 Question 15 1 pts Using the data below for Hansel Company, compute the CHANGE in **RETAINED EARNINGS** during the year. Total Revenue $350 500 Total Expenses Dividends 60 125 Capital Contributions during the year Owners' Equity (start of the year) 700 O Increase $90 O Decrease $210 O Decrease $90 Increase $150
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