Question and answer
When delivery equipment is purchased on account, the transaction to be entered by the purchaser includes (Points : 3) debiting Delivery Equipment and crediting Accounts Payable. debiting Delivery Expense and crediting Cash. debiting Delivery Expense and crediting Accounts Payable. debiting Delivery Equipment and crediting Cash.
s
Question
Asked 5/25/2014 4:10:47 PM
Updated 5/25/2014 6:37:15 PM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [5/25/2014 5:25:55 PM]
Get an answer
Original conversation
User: When delivery equipment is purchased on account, the transaction to be entered by the purchaser includes (Points : 3) debiting Delivery Equipment and crediting Accounts Payable. debiting Delivery Expense and crediting Cash. debiting Delivery Expense and crediting Accounts Payable. debiting Delivery Equipment and crediting Cash.

Weegy: When delivery equipment is purchased on account, the transaction to be entered by the purchaser includes:
debiting Delivery Equipment and crediting Accounts Payable.



User: If the owner of a company invested cash in a business enterprise, the transaction would include (Points : 3) debiting Cash and crediting Capital. debiting Capital and crediting Cash. debiting Cash and crediting Revenue. debiting Revenue and crediting Cash.

Weegy: If the owner of a company invested cash in a business enterprise, the transaction would include: debiting Cash and crediting Capital.



User: All transactions must be posted before preparing a trial balance. (Points : 3) True False

Question
Asked 5/25/2014 4:10:47 PM
Updated 5/25/2014 6:37:15 PM
1 Answer/Comment
This answer has been confirmed as correct and helpful.
Confirmed by debnjerry [5/25/2014 5:25:55 PM]
New answers
Rating
5
It is TRUE that all transactions must be posted before preparing a trial balance.

Added 5/25/2014 6:37:15 PM
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
__________ does not represent a line of credit. (Points : 2.5) Retail credit card Debit card Overdraft protection Home equity LOC
Weegy: Debit card does not represent a line of credit User: Earnest money is the sum of money the home buyer deposits with the __________. (Points : 2.5) seller to indicate intent of purchase lender to guarantee the purchase lender to originate the loan realtor to view homes Weegy: Earnest money is the sum of money the home buyer deposits with the seller to indicate intent of purchase . User: Student credit cards typically require that one be enrolled in a 2- or 4-year college/university and __________. (Points : 2.5) a parent's signature own a vehicle hold a job have some form of income Weegy: Student credit cards typically require that one be enrolled in a 2- or 4-year college/university and have some form of income. (More)
Question
Updated 5/26/2014 10:53:24 AM
0 Answers/Comments
The flow of data through the accounting information system includes analyzing transactions, journalizing, posting, and preparing a trial balance. (Points : 3) True False
Weegy: The flow of data through the accounting information system includes analyzing transactions, journalizing, posting, and preparing a trial balance. Answer is TRUE (More)
Question
Updated 5/25/2014 7:59:45 PM
0 Answers/Comments
34,825,974
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
14. VOAD is: A. An independent volunteer organization that rebuilds ...
Weegy: Ask one question at a time. User: 25. How should you plan for managing and coordinating spontaneous ...
11/22/2021 11:11:04 PM| 10 Answers
_______ contain close to 70% of all the fresh water on Earth. _______ ...
Weegy: Glaciers contain close to 70% of all the fresh water on Earth. Wind erosion is most common in flat, bare areas ...
11/27/2021 6:09:43 PM| 6 Answers
During metamorphic processes, water facilitates the transfer of ions ...
Weegy: During metamorphic processes, water facilitates the transfer of ions between and within minerals, which can ...
11/23/2021 4:25:34 PM| 5 Answers
The four main purposes for academic writing are to _______, _______, ...
Weegy: The four main purposes for academic writing are to Inform, Entertain, Persuade, and Convince.
11/24/2021 12:59:51 AM| 5 Answers
The four main purposes for academic writing are to _______, _______, ...
Weegy: The four main purposes for academic writing are to Inform, Entertain, Persuade, and Convince.
11/29/2021 9:35:28 PM| 5 Answers
Fill in the blank. One of the best reasons to write is to _______ ...
Weegy: One of the best reasons to write is to express what we think.
11/23/2021 5:53:20 PM| 4 Answers
What is the correct function for the national center for missing & ...
Weegy: The correct function for the National Center for Missing & Exploited Children (NCMEC) is: Facilitates the ...
11/24/2021 8:33:27 PM| 3 Answers
Annual sales are
Weegy: Annual revenue is the total amount of money a company makes during a given 12-month period from the sale of ...
11/25/2021 9:40:25 PM| 3 Answers
The government has an interest in promoting competition between ...
Weegy: The government has an interest in promoting competition between businesses because competition results in lower ...
11/21/2021 2:56:28 PM| 2 Answers
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
S
L
Points 1822 [Total 2168] Ratings 18 Comments 1642 Invitations 0 Online
S
L
C
R
L
P
Points 1699 [Total 6953] Ratings 0 Comments 1699 Invitations 0 Offline
S
L
P
P
L
P
P
P
L
Points 1535 [Total 10178] Ratings 5 Comments 1485 Invitations 0 Offline
S
L
Points 408 [Total 408] Ratings 3 Comments 378 Invitations 0 Online
S
L
Points 377 [Total 841] Ratings 0 Comments 377 Invitations 0 Offline
S
L
Points 328 [Total 440] Ratings 1 Comments 318 Invitations 0 Offline
S
L
Points 287 [Total 646] Ratings 1 Comments 267 Invitations 1 Online
S
L
1
1
1
1
1
1
1
Points 171 [Total 2874] Ratings 17 Comments 1 Invitations 0 Online
S
L
Points 158 [Total 923] Ratings 3 Comments 128 Invitations 0 Offline
S
L
Points 132 [Total 132] Ratings 2 Comments 112 Invitations 0 Online
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.