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Solve the followinig question 84.- The entry to record a payment on a $ 900 account within the 1% discount period would include a: a.

Solve the followinig question

84.- The entry to record a payment on a $ 900 account within the 1% discount period would include a:

a. debit to accounts payable for $900

b. debit to account payable for $891

c. credit to purchases for $900

d. debit to cash for $891

83.- Pasqual journalized and posted an entry of $ 2,000 debit to Cash and $2,000 credit to Service Fees. The correct amount on the billing was $200. The entry to correct this error is

a. debit cash $1,800, credit service fees $1,800

b. debit service fees, $1,800 credit cash $1,800

c. debit service fees, $2,800, credit cash $2,000

d. debit service fees, $200, credit cash $200

82.- Johnson Hardware has total assets of $75,000. What are the total assets if new baking equipment is purchased for $10,000 cash?

a. $85,000

b. $65,000

c. $10,000

d. $75,000

79.- During the month of October, Matthew invested $5,000, in starting his company. Mathew{s Online Service. The proper journal entry would be:

a.- Cash $5,000 Matthews Capital $5,000

b. Matthews Capital 5,000 Cash 5000

c. Cash 5,000 Online fees 5,000

d. Matthews capital 5,000 Online fees 5,000

77.- After the closing entries have been posted

a. the temporary accounts are zeroed out

b, the capital account includes the current net profit or loss

c. the post- closing trial balance is prepared

d. all of these answers are correct

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