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Question 1 5 ( 4 points ) On January 1 , Ace Roofing paid $ 8 , 0 0 0 cash for supplies. Select the
Question points
On January Ace Roofing paid $ cash for supplies. Select the journal entry Ace Roofing should record on January
Question options:
Dr Supplies Expense
Cr Accounts payable
Dr Supplies Expense
Cr Cash
Dr Cash
Cr Supplies
Dr Supplies
Cr Cash
Question points
On January Ace Roofing paid $ cash for a new truck. The dealership Ace Roofing purchased the truck from had listed the price of the truck for $ Select the journal entry Ace Roofing should record on January
Question options:
Dr Truck
Cr Cash
Dr Truck
Cr Notes Payable
Dr Truck
Cr Cash
Dr Cash
Cr Truck
Question points
On January Ace Roofing purchased equipment costing $ Ace paid $ cash and signed a note payable due in years for the remaining balance. Select the journal entry Ace Roofing should record on January
Question options:
Dr Cash
Dr Accounts Payable
Cr Equipment
Dr Equipment
Cr Cash
Cr Note Payable
Dr Equipment
Cr Cash
Cr Note Payable
Dr Equipment
Cr Cash
Question points
On January Ace Roofing provided $ of services to a customer. The customer paid $ in cash and the remaining balance on account. Select the journal entry Ace Roofing should record on January
Question options:
Dr Cash
Dr Accounts Receivable
Cr Unearned Revenue
Dr Cash
Cr Revenue
Dr Cash
Cr Revenue
Dr Cash
Dr Accounts Receivable
Cr Revenue
Question points
On January Ace Roofing collected $ cash from a customer for services Ace Roofing provided in December Select the journal entry Ace Roofing should record on January
Question options:
Dr Cash
Cr Unearned Revenue
Dr Cash
Cr Revenue
Dr Cash
Cr Accounts Receivable
Dr Cash
Cr Accounts Payable
Question points
On January Ace Roofing paid $ cash to their employees for work performed during January. Select the journal entry Ace Roofing should record on January
Question options:
No journal entry required.
Dr Wages Expense
Cr Wages Payable
Dr Cash
Cr Wages Expense
Dr Wages Expense
Cr Cash
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