Question
the salaries of the month amounted 5.000 the amount will be paid the next 3 days. A Debit: Salary (EXPENSE) Credit: Cash (ASSET) Amount =
the salaries of the month amounted 5.000 the amount will be paid the next 3 days.
A Debit: Salary (EXPENSE) Credit: Cash (ASSET) Amount = 5,000
B Debit: Accounts payable / Salaries payable (LIABILITY) Credit: Cash (ASSET) Amount = 5,000
C Debit: Accounts Payable /Salaries payable (LIABILITY)) Credit: Salary (EXPENSE) Amount = 5,000
D Debit: Salary (EXPENSE) Credit: Accounts Payable /Salaries payable (LIABILITY) Amount = 5,000
Acquisition of merchandise for 1.000. The amount will be paid within 3 months. *
A Debit: Merchandise (ASSET) / Purchase of merchandise (EXPENSE) Credit: Cash (ASSET) Amount = 1,000
B Debit: Accounts payable / Suppliers (LIABILITY) Credit: Cash (ASSET) Amount = 1,000
C Debit: Cash (ASSET) Credit: Accounts payable / Suppliers (LIABILITY) Amount = 1,000
D Debit: Merchandise (ASSET) / Purchase of merchandise (EXPENSE) Credit: Accounts Payable / Suppliers (LIABILITY) Amount = 1,000
Cash collection from customers 10,000 from a previous debt. *
A Debit: Customers/ Accounts Receivable (ASSET) Credit: Cash (ASSET) Amount = 10,000
B Debit: Accounts payable (LIABILITY) Credit: Cash (ASSET) Amount = 10,000
C Debit: Cash (ASSET) Credit:Accounts payable (LIABITLITY) Amount = 10,000
D Debit: Cash (ASSET) Credit: Customers / Accounts Receivable (ASSET) Amount = 10,000
E Other?
Payment of 1.000 to the suppliers (from a previous debt) *
A Debit: Merchandise (ASSET) / Purchase of merchandise (EXPENSE) Credit: Cash (ASSET) Amount = 1,000
B Debit: Accounts payable / Suppliers (LIABILITY) Credit: Cash (ASSET) Amount = 1,000
C Debit: Cash (ASSET) Credit: Accounts payable /Suppliers (LIABILITY) Amount = 1,000
D Debit: Merchandise (ASSET) / Purchase of merchandise (EXPENSE) Credit: Accounts Payable / Suppliers (LIABILITY) Amount = 1,000
Acquisition of a machinery for 10.000. The amount is paid immediately *
A Debit: Machinery (ASSET) Credit: Cash (ASSET) Amount = 1,000
B Debit: Accounts payable / Creditors (LIABILITY) Credit: Cash (ASSET) Amount = 1,000
C Debit: Cash (ASSET) Credit: Accounts payable / Creditors (LIABILITY) Amount = 1,000
D Debit: Machinery (ASSET) Credit: Accounts Payable / Creditors (LIABILITY) Amount = 1,000
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