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To record the payment of a purchase invoice when a cash discount is taken, the accountant would debit _____and credit __________. A. Accounts Payable; Purchases Discounts and Cash B. Accounts Payable and Purchases Discounts; Cash C. Accounts Payable; Cash D. Purchases; Purchases Discounts and Cash
Weegy: To record the payment of a purchase invoice when a cash discount is taken, the accountant would debit ACCOUNTS PAYABLE and credit PURCHASE DISCOUNTS AND CASH. [ ] (More)
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Asked 288 days ago|12/4/2013 2:41:45 PM
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The entry to replenish a petty cash fund includes: A. a debit to Cash and a credit to Petty Cash. B. a debit to Petty Cash Fund and a credit to Cash. C. debits to various expense accounts and a credit to Petty Cash Fund. D. debits to various expense accounts and a credit to Cash.
Weegy: The entry to replenish a petty cash fund includes - - D. debits to various expense accounts and a credit to Cash. (More)
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Asked 288 days ago|12/4/2013 2:48:44 PM
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Allowance for Doubtful Accounts is: A. subtracted from Accounts Receivable in the Assets section of the balance sheet. B. deducted from Sales in the Revenue section of the income statement. C. listed in the Operating Expenses section of the income statement. D. listed in the Liabilities section of the balance sheet.
Weegy: The allowance for doubtful accounts is a balance sheet account that reduces the reported amount of accounts receivable. [ (A change to the balance in the allowance for doubtful accounts also affects bad debt expense on the income statement.) Providing an allowance for doubtful accounts presents a more realistic picture of how much of the accounts receivable will be turning to cash. After all, a company selling products (or services) on credit to thousands of customers will likely have a few customers who will not be able to pay the full amount they owe to the company. ] (More)
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Asked 288 days ago|12/4/2013 9:31:53 PM
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Which one of the following choices best represents the body’s response to stress? A. Dehydration B. Tense muscles C. Slow breathing D. Increased blood flow to the kidneys and liver
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Updated 273 days ago|12/19/2013 3:41:34 PM
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B. Tense muscles is the choice which best represents the body’s response to stress.
Added 273 days ago|12/19/2013 3:41:34 PM
To lose body fat, you need to create a (an)____________ by the end of the day. A. caloric deficit B. intense exercise program C. caloric surplus D. caloric journal
Weegy: To lose body fat, you need to create a (an)____________ by the end of the day. Answer is: A. caloric deficit. (More)
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Asked 282 days ago|12/10/2013 11:33:43 PM
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