Team Shirts, Inc. pays 5,000 cash for T-shirts from a supplier. ...

[DyllonKazuo]

Team Shirts, Inc. pays 5,000 cash for T-shirts from a supplier. This transaction ________.
 
  A) is a financing activity
  B) causes an increase in total assets
  C) is an operating activity
  D) is an investing activity

Question 2

Merchandise is ordered on November 10; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed by the seller on November 13; the merchandise is received by the buyer on November 18; the entry is made in the buyer's accounts on November 20 . The credit period begins with what date?
 a. November 10
  b. November 13
  c. November 18
  d. November 20

[kardosa007]

Answer to Question 1

C

Answer to Question 2

b

[DyllonKazuo]

TYSM

[triiciiaa]

Gracias!