1. On November 26, Civic Company purchased $1,200 of supplies on account. The jo

Question

1. On November 26, Civic Company purchased $1,200 of supplies on account. The journal entry to record this transaction will include _____.

a debit to Supplies and a credit to Cash

a debit to Supplies and a credit to Accounts Payable

a debit to Cash and a credit to Supplies

a debit to Accounts Payable and a credit to Supplies

2. On November 21, Civic Company received $550 from customers in payment of their accounts. The journal entry to record this transaction will include a credit to _____.

Cash

Accounts Receivable

Accounts Payable

None of these choices are correct.

3. On May 21, the owner of Civic Store withdrew $1,000 cash for personal use. The journal entry to record this transaction would include a credit to _____.

Cash

Personal

Drawings

None of these choices are correct.

4. On December 15, Civic paid $1,900 to Sylvan Supply Company on the $1,900 debt owed from a previous transaction. The journal entry to record this transaction would include a debit to _____ account and a credit to _____ account.

Accounts Receivable, Cash

Accounts Payable, Cash

Cash, Accounts Payable

Cash, Accounts Receivable

Explanation / Answer

1) Journal entry :

So answer is b) a debit to Supplies and a credit to Accounts Payable

2) Journal entry :

So answer is b) Account receivable

3) Journal entry :

So answer is a) Cash

4) Journal entry :

So answer is b) Account payable,cash

Date account & explanation debit credit Supplies 1200 Account payable 1200

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