Question

In: Accounting

1. Sales revenue would appear on Select one: a. Income Statement b. Statement of Retained Earnings...

1.

Sales revenue would appear on

Select one:

a. Income Statement

b. Statement of Retained Earnings

c. Balance Sheet Statement

d. Statement of Cash Flows

2.

The entry to record $1,500 credit sales would be:

Select one:

a. Cash                                  1,500
              Sales Revenue                                   1,500

b. Accounts Receivable            1,500
               Sales Revenue                                 1,500

c. Sales Revenue                     1,500
                Accounts Receivable                         1,500

d. Cash                                  1,500
                Accounts Receivable                          1,500

3.

The entry to record a payment of $900 accounts payable would be:

Select one:

a. Cash                                           900
                 Accounts Payable                              900

b. Dividends                                   900
                 Cash                                                 900

c. Accounts Payable                       900
                 Cash                                                 900

d. Accounts Payable                       900
                  Retained Earnings                           900

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Expert Solution

ekkarill92 answered 1 year ago
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