The purchase of office equipment at a cost of $2,600 with an immediate down payment of $1,200 and agreement to pay the balance within 60 days is recorded by:

a. A debit of $2,600 to Office Equipment, a debit of $1,200 to Accounts Receivable, and a credit of $1,400 to Accounts Payable.
b. A debit of $1,400 to Accounts Receivable, a debit of $1,200 to Cash, and a credit of $2,600 to Office Equipment.
c. A debit of $2,600 to Office Equipment, a credit of $1,200 to Cash, and a credit of $1,400 to Accounts Payable.
d. A debit of $2,600 to Office Equipment, a credit of $1,200 to Cash, and a credit of $1,400 to Accounts Receivable.


c

Business

You might also like to view...

________________ leaders are leaders who articulate a goal or vision to an organization and then inspire followers to make that vision a reality, requiring them to transcend their own personal interests for the good of the organization.

a. Situational b. Transformational c. Country club d. none of the above

Business

The quadrant model of communication styles assumes that most people:

A) understand the quadrant model well enough to choose their point on the quadrant B) fit into four discrete, unchanging categories and can be easily assessed in that category by others C) change from quadrant to quadrant somewhat regularly D) are aware of their communication style and can alter it depending on the situation E) have a relatively consistent point on both the dominance and sociability continuums

Business

Which term below is defined as independent workers who supply organizations with part-time talent for projects that need to be completed within a certain amount of time?

a. Part-time workers b. Job sharers c. Free agents d. Telecommuters

Business

Measuring ethical leadership by using surveys to collect self-reported scores is ______.

A. the only reliable and valid way to measure ethics B. prone to skewing results in a negative direction C. susceptible to social desirability bias and inflated scores D. unheard of in social science research

Business