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- 1. Multiple Choice
Purchased of supplies for cash
Dr. Cash
Cr. Supplies
Dr. Supplies
Cr. Accounts Payable
Dr. Supplies
Cr. Cash
Dr. Supplies
Cr. Income
- 2. Multiple Choice
Investment by owner
Dr. Cash
Cr. Revenue
Dr. Owner's Capital
Cr. Cash
Dr. Cash
Cr. Accounts Receivable
Dr. Cash
Cr. Owner's Capital
- 3. Multiple Choice
Purchase of supplies on credit
Dr. Cash
Cr. Accounts Payable
Dr. Supplies
Cr. Accounts Payable
Dr. Supplies
Cr. Accounts Receivable
Dr. Supplies
Cr. Cash
- 4. Multiple Choice
Service Income performed on account
Dr. Accounts Receivable
Cr. Service Income
Dr. Service Income
Cr. Accounts Receivable
Dr. Cash
Cr. Accounts Payable
Dr. Service Income
Cr. Accounts Receivable
- 5. Multiple Choice
Paid the house rent of employee in cash
Dr. Cash
Cr. Rent Expense
Dr. Rent Expense
Cr. Accounts Receivable
Dr. Accounts Payable
Cr. Rent Expense
Dr. Rent Expense
Cr. Cash
- 6. Multiple Choice
Service Income performed for cash and credit
Dr. Service Income
Cr. Cash
Cr. Accounts Receivable
Dr. Accounts Payable
Dr. Cash
Cr. Service Income
Dr. Cash
Dr. Accounts Receivable
Cr. Service Income
Dr. Service Income
Cr. Cash
Cr. Accounts Payable
- 7. Multiple Choice
Payment of Telephone expenses
Dr. Telephone
Cr. Cash
Dr. Telephone
Cr. Accounts Payable
Dr. Accounts Receivable
Cr. Telephone
Dr. Cash
Cr. Telephone
- 8. Multiple Choice
Payment of supplies purchased on credit
Dr. Supplies
Cr. Accounts Payable
Dr. Cash
Cr. Accounts Payable
Dr. Accounts Payable
Cr. Cash
Dr. Accounts Payable
Cr. Supplies
- 9. Multiple Choice
Received payment from service rendered
Dr. Cash
Cr. Accounts Receivable
Dr. Accounts Receivable
Cr. Cash
Dr. Service Income
Cr. Cash
Dr. Cash
Cr. Accounts Receivable
- 10. Multiple Choice
Purchased addition equipment by credit and in cash
Dr. Cash
Dr. Equipment
Cr. Accounts Payable
Dr. Accounts Payable
Dr. Cash
Cr. Equipment
Dr. Equipment
Cr. Accounts Payable
Cr. Cash
Dr. Equipment
Dr. Accounts Payable
Cr. Cash
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