23) One asset would be debited and another credited if: A) the business paid a c

Question

23) One asset would be debited and another credited if: A) the business paid a creditor. B) the business provided services to a cash customer C) the business bought supplies paying cash. D) the business provided services to a credit customer 24) Paid the rent for the next six months. A) An asset would be debited and an expense credited. B) An asset would be debited and a revenue credited. C) Capital would be debited and a revenue credited. D) An asset would be debited and an asset credited. 25) The journal described as the simplest form is a (an): A) accounting journal. B) general journal. C) special journal. D) interim journal. 26) The process of initially recording business transactions in a journal is: A) posting. B) sliding. C) journalizing. D) transposing. 27) In the month of June, Davis Computers paid three months

Explanation / Answer

a c a d c c

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