^last muliple choice for cut out it is- d. the company receives 7,200 in cash and 10,800 in notes payable in exchange for selling 18,000 of software

A debit would make which of the following accounts increase? Multiple Choice Notes Payable Common Stock Inventory Retained Earnings The standard formatting for a journal entry lists the dollar amounts for: Multiple Choice debits and credits aligned equally to the left. debits and credits aligned equally to the right. debits underneath and to the right of the dollar amounts for credits. credits underneath and to the right of the dollar amounts for debits. Consider the following journal entry: Software 18,000 Cash 7,200 Note Payable 10,800 Which of the following explanations best describes this journal entry? Multiple Choice The company buys $18,000 of software, pays $7.200 cash, and promises to cancel a debt owed to the company in the amount of $10,800 The company sells $18,000 of software, receives $7.200 in cash, and pays off $10,800 it owes on the software. The company buys $18,000 of software, pays cash of $7,200, and signs a note for $10,800. Current liabilities are expected to be: Multiple Choice acquired within one year fulfilled within one year. O converted to cash within one year, used in the business within one year