ACCT105 Week 2 Quiz
Question 1 of 1010.0/ 10.0 PointsA company purchased office equipment and office supplies on credit from Doug Equipment Company. What is the entry?
A.Debit Office Equipment; credit Accounts Payable.B.Debit Equipment; credit Office Supplies Expense.C.Debit Office Equipment and Office Supplies on Hand; credit Cash.D.Debit Office Equipment, debit Office Supplies on Hand; credit Accounts payable.Answer Key: D
Question 2 of 1010.0/ 10.0 PointsExpenses for an accounting period are:
Question 3 of 1010.0/ 10.0 PointsA debit to the Dividends account would indicate an increase in expenses.
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- Spring '14
- Double-entry bookkeeping system, office equipment, office supplies, $600, Doug Equipment Company
