Listen Which of the following would NOT be included in the cost of equipment which was purchased by a large business as part of its property, plant, and equipment assets freight costs paid by the purchaser GST paid on the asset PST paid on the asset installation fee when asset is delivered Listen Which of the following entries records the acquisition of office supplies on account? Debit Office Supplies, credit Cash. Debit Accounts Receivable, credit Office Supplies. Debit Office Supplies, credit Accounts Payable. Debit Cash, credit Office Supplies. Which one of the following is a proper closing entry? Debit Supplies Expense; Credit Owner's Equity Debit Owner's Equity; Credit Revenue Debit Supplies Expense; Credit Supplies Debit Owner's Equity; Credit Supplies Expense ABC Landscaping provides landscaping services to customers for $1,000 per month. ABC Landscaping started a four month contract with a new customer on April 1, 2020 to provide landscaping services for April 1-July 31, 2020. The customer will pay at the end of the four months, July 31, for the landscaping. What adjusting entry is needed at April 30, 2020 by ABC Landscaping in order to prepare its month end financial statements, assuming no entries have been recorded yet related to this new contract? No adjusting entry is required at April 30. Debit Accounts Receivable $1,000; Credit Unearned Revenue $1,000 Debit Cash $1,000; Credit Unearned Revenue $1,000 Debit Accounts Receivable $1,000; Credit Revenue $1,000 The following totals for the month of June were taken from the payroll register of Arcon Corporation: Salaries expense $14,000 CPP withheld 693 El withheld 282 Income taxes withheld 2,600 Union dues withheld 1,000 The entry to record the accrual of salaries for the month of June would include which of the following? credit to Salaries Payable for $14,000 debit to Salaries Expense for $9.425 credit to Salaries Expense for $9,425 credit to Salaries Payable for $9.425