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Please answer all 4 questions or leave them for someone else who can. Cheggs policy is 4 questions, not 1. Thank you!! Question 1 2

Please answer all 4 questions or leave them for someone else who can. Cheggs policy is 4 questions, not 1. Thank you!! image text in transcribed
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Question 1 2 pts A business purchases equipment by paying $10,000 in cash and signing a note payable of $8,000. Which of the following should be recorded for this transaction? Cash is debited for $10,000, Equipment is credited for $18,000, and Notes Payable is debited for $8.000 Cash is credited for $10,000. Equipment is debited for $18,000, and Notes Payable is credited for $8,000. Cash is debited for $10,000, Equipment is debited for $8,000, and Notes Payable is credited for $18,000. Cash is credited for $8,000. Equipment is credited for $18,000, and Notes Payable is debited for $10,000 A journal entry for a $1,100 payment to purchase office supplies was erroneously recorded as a debit to Office Supplies for $2,500 and a credit to Cash for $1,100. Which of the following statements correctly states the effect of the error on the trial balance? The sum of the credits will exceed the sum of the debits by $1,400. The sum of the debits will exceed the sum of the credits by $1,400, The sum of the debits will exceed the sum of the credits by $1,100. The sum of the debits will exceed the sum of the credits by $2,500. The financial statements are prepared from the journal entries unadjusted trial balance adjusted trial balance adjusting entries UTA Corp. incurred salaries of $10,000 for the last month and has not paid its employees. UTA Corp. should Debit Salaries Payable and credit Cash Debit Salaries Expense and credit Cash Debit Salaries Expense and credit Salaries Payable Debit Cash and credit Salaries Payable

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