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Author Question: Office supplies were sold by Janer's Cleaning Service at cost to another repair shop, with cash ... (Read 120 times)

Pineappleeh

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Office supplies were sold by Janer's Cleaning Service at cost to another repair shop, with cash received. Which ofthe following entries for Janer's Cleaning Service records this transaction?
 a. Office Supplies, debit; Cash, credit
  b. Office Supplies, debit; Accounts Payable, credit
  c. Cash, debit; Office Supplies, credit
  d. Accounts Payable, debit; Office Supplies, credit

Question 2

At the end of the year, the direct costs traced to jobs using the budgeted rates will equal actual direct costs.
 
  Indicate whether this statement is true or false.



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lucas dlamini

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Answer to Question 1

c

Answer to Question 2

Answer: FALSE




Pineappleeh

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review


Viet Thy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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