Which of the following transactions would most likely have the transaction type bill payment?

Select one:

a. Check written to pay employee's salary

b. Check written to pay for pizza delivered to the office

c. Check written to pay the telephone bill entered in the previous month

d. Payment for magazine subscription using a company credit card

An A/P Aging Summary report shows

Select one:

a. all vendor bills by due date.

b. vendor balances in categories representing ranges of days past due.

c. vendor balances in categories representing ranges of days due in the future.

d. only vendor bills past due.

Carolina Sauce, Inc., an accrual basis company, writes a check on 8/31 for September rent. The journal entry to record the payment should be:

Select one:

a. DR Prepaid rent CR Cash

b. DR Cash CR Prepaid rent

c. DR Rent expense CR Cash

d. None of the above. The check should not be recorded until September 1.