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Question 1.1 Which of the following entries records the payment of an account payable? O debit Cash, credit Accounts Payable O debit Accounts Payable; credit
Question 1.1 Which of the following entries records the payment of an account payable? O debit Cash, credit Accounts Payable O debit Accounts Payable; credit Cash O debit Accounts Receivable: credit Cash O debit Cash; credit Supplies Expense * Question 1.2 Which of the following entries records the investment of cash by Taylor Thomas, owner of a proprietorship? O debit Taylor Thomas, Capital; credit Accounts Receivable Odebit Cash, credit Taylor Thomas, Drawing O debit Cash, credit Taylor Thomas, Capital O debit Taylor Thomas, Drawing; credit Cash * Question 1.3 Which of the following types of accounts have a normal credit balance? O iabilities and expenses O revendes and capital capital and drawing O assets and liabilities
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