Di Caleulate the ending halance of the account 523,000 dehit A525,000 debi O$2,0

Question

Di Caleulate the ending halance of the account 523,000 dehit A525,000 debi O$2,00o credit D) 521,000 debit purchased two weeks e 1O. A usiness A) Cash C) Supplies or the is akes a cash payment of $12,000 to a supplier for supplies ng accounts is debited? Bj Accounts Payable D) Accounts Receivable tles, Inc. recorded the following journal entry on March 2. 2016. 4.50 Uneaned Revenue 4.500 From the journal entry above, identify the transaction on March 2, 2016. A) Beetles purchased goods worth $4,500 and signed a one-year note for the same: B) Beetles sold goods for $4,500 cash. C) Beetles received $4,500 for services to be performed in a later period. D) Beetles paid $4,500 for services to be received at a later date. 12. A business purchases equipment by paying S9,087 in cash and issuing a note payable the following occurs? A) Cash is credited for $9,087, Equipment is credited for $22,351, and Notes Payable Ca264.ited for 39.081. uipme $13.264 B) Cash is credited for S9,087, Equipment is debited for $22,351, and Notes Payabl C) Cash is debited for ) Cash is debited for $9,087, Equipment is $9,087, Equipment is debited for $13,264, and Notes Payable

Explanation / Answer

8) The following account increases with a credit:

   B) Common Stock

9) The ending balance of the account :

   D) $21,000 debit.

10) The following account is debited:

   B) Accounts Payable

11) The following transaction is identified:

   C). Beetle received $4,500 for services to be performed in a later date.

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