Each of the following transactions would decrease fund balance in ...

[storky111]

Each of the following transactions would decrease fund balance in the General Fund except
 
  A. The purchase of capital assets.
  B. The principal repayment of long-term debt.
  C. Depreciation.
  D. Salaries and wages.

Question 2

Purchase of merchandise for cash would be recorded in which journal?
 a. Purchase Invoice Journal
   b. Cash Payments Journal
   c. Supplemental Purchasing Journal
   d. General Journal

[ansleighelindsey]

Answer to Question 1

C

Answer to Question 2

b

[storky111]

YES! Correct, THANKS for helping me on my review

[jordangronback]

Thanks for the timely response, appreciate it