Green Cleaning purchased $690 of office supplies on credit. The company's policy is to initially record prepaid and unearned items in balance sheet accounts. Which of the following general journal entries will Green Cleaning make to record this transaction?
A. Debit Accounts payable, $690; credit Office supplies, $690.
B. Debit Office supplies expense, $690; credit Cash, $690.
C. Debit Cash, $690; credit Office supplies, $690.
D. Debit Office supplies, $690; credit Accounts payable, $690.
E. Debit Office supplies, $690; credit Cash, $690.
Answer: D
You might also like to view...
The majority of consumers said they will switch brands to support a particular cause they care about
Indicate whether the statement is true or false
If an airline determines that food quality is not one of its core competencies, it should ______.
a. improve the quality until it becomes a core competency b. neglect food service in favor of focusing on other core competencies c. look to accent its financial strength d. it should sell its brand image
An ethical environment, or culture, would be one in which employees are expected to act by the rules in spite of unethical conditions.
Answer the following statement true (T) or false (F)
Marie Bain is the production manager at a company that manufactures hot water heaters. Marie needs a demand forecast for the next few years to help decide whether to add new production capacity
The company's sales history (in thousands of units) is shown in the table below. Use exponential smoothing with trend adjustment to forecast demand for period 6. The initial forecast for period 1 was 11 units; the initial estimate of trend was 0. The smoothing constants are ? = .3 and ? = .3 Period Actual 1 12 2 15 3 16 4 16 5 18 6 20