21 making a 350 payment on an account with a current balance of 800 would include a 4300898

21) Making a $350 payment on an account with a current balance of $800 would include a:

A) debit to accounts receivable and a credit to cash for $350.

B) debit to accounts payable and a credit to cash for $450.

C) debit to accounts payable and a credit to cash for $350.

D) debit to accounts receivable and a credit to capital for $350.

22) Receiving a $350 payment on an account with a current balance of $800 would include a:

A) debit to cash and a credit to accounts payable for $350.

B) debit to cash and a credit to accounts receivable for $350.

C) credit to cash and a credit to accounts receivable for $350.

D) debit to accounts receivable and a credit to cash for $350.

23) Which of the following entries records the billing of service revenue performed on account for $5,400?

A) debit to service revenue and a credit to accounts receivable for $5,400

B) debit to accounts payable and a credit to service revenue for $5,400

C) debit to accounts receivable and a credit to the owner's capital for $5,400

D) debit to accounts receivable and a credit to service revenue for $5,400

24) Which of the following entries records the billing of service revenue performed for cash for $5,400?

A) debit to service revenue and a credit to cash for $5,400

B) debit to accounts payable and a credit to cash for $5,400

C) debit to cash and a credit to the owner's capital for $5,400

D) debit to cash and a credit to service revenue for $5,400

25) Performing a service for $500 cash and $700 on account would include a:

A) debit to cash for $1,200.

B) debit to service revenue for $1,200.

C) credit to service revenue for $500.

D) debit to accounts receivable for $700.

26) Performing a service for $500 cash and $700 on account would include a:

A) debit to cash for $700.

B) debit to service revenue for $700.

C) credit to service revenue for $1,200.

D) credit to accounts receivable for $700.

27) A $500 rent bill received for the current period that will be paid in the following period would include a:

A) debit to accounts payable for $500.

B) credit to rent expense for $500.

C) debit to rent expense for $500.

D) credit to cash for $500.

28) The entry to record the purchase of supplies for $200 cash would be:

A)

Supplies	200
Accounts Payable		200

 

B)

Cash	200
Supplies		200

 

C)

Cash	200
Supplies Expense		200

 

D)

Supplies	200
Cash		200

 

29) The entry to record an owner investment of $400 cash into the business would be:

A)

Withdrawals	400
Capital		400

 

B)

Cash	400
Accounts Receivable		400

 

C)

Cash	400
Capital		400

 

D)

Capital	400
Cash		400

 

30) The entry to record the return of $300 of supplies purchased on account would be:

A)

Cash	300
Supplies		300

 

B)

Supplies	300
Accounts Payable		300

 

C)

Accounts Payable	300
Supplies		300

 

D)

Accounts Payable	300
Capital		300