Question
On November 26, Civic Company purchased $1,200 of supplies on account. The journal entry to record this transaction will include _____. a debit to Supplies
On November 26, Civic Company purchased $1,200 of supplies on account. The journal entry to record this transaction will include _____.
- a debit to Supplies and a credit to Cash
- a debit to Supplies and a credit to Accounts Payable
- a debit to Cash and a credit to Supplies
- a debit to Accounts Payable and a credit to Supplies
On November 21, Civic Company received $550 from customers in payment of their accounts. The journal entry to record this transaction will include a credit to _____.
- Cash
- Accounts Receivable
- Accounts Payable
- None of these choices are correct.
On May 21, the owner of Civic Store withdrew $1,000 cash for personal use. The journal entry to record this transaction would include a credit to _____.
- Cash
- Personal
- Drawings
- None of these choices are correct.
On December 15, Civic paid $1,900 to Sylvan Supply Company on the $1,900 debt owed from a previous transaction. The journal entry to record this transaction would include a debit to _____ account and a credit to _____ account.
- Accounts Receivable, Cash
- Accounts Payable, Cash
- Cash, Accounts Payable
- Cash, Accounts Receivable
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