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Author Question: Which of the following entries records the payment of an account payable? a. debit Cash; credit ... (Read 114 times)

s.tung

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on: Jul 5, 2018
Which of the following entries records the payment of an account payable?
 a. debit Cash; credit Accounts Payable
  b. debit Accounts Receivable; credit Cash
  c. debit Cash; credit Supplies Expense
  d. debit Accounts Payable; credit Cash

Question 2

A government has the following debt:
   Capital lease liabilities (General Fund department leases)3,200,000.
   Unfunded pension contributions (long-term) associated with general government employees1,000,000.
 
   General government bonds that mature in the next fiscal year5,000,000.
 
  What amount of debt should be reported in the General Long-Term Liabilities accounts?
  A. 1,000,000.
  B. 3,200,000.
  C. 4,200,000.
  D. 9,200,000.


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dpost18

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Reply #1 on: Jul 5, 2018
Answer to Question 1

d

Answer to Question 2

D


s.tung

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Reply 2 on: Jul 5, 2018
Wow, this really help

gcook

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Reply 3 on: Yesterday
Gracias!

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