Exam (elaborations)
Journal Entries Practice Question and answers 2023/2024 verified to pass
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Uploaded on
20-12-2023
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2023/2024
Journal Entries Practice Question and answers 2023/2024 verified to passBorrowed cash of $20,000 from CIBC - correct answer Debit Cash $20,000, Credit Accounts Payable $20,000 Made cash sales of $14,500 to customers - correct answer Debit Cash Sales $14,500, Credit Sales Revenue $14500 Paid salaries of $8,600 to employees for services performed - correct answer Debit Salaries $8600, Credit Cash $8600 Purchased and used $4,100 of supplies in operations of the business - correct answer Debit Inventory $4100, Credit Cash
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Institution
CIBC
Course
CIBC
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Written for
- Institution
- CIBC
- Course
- CIBC
Document information
- Uploaded on
- December 20, 2023
- Number of pages
- 12
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
- journal entries practice
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journal entries practice question and answers 202
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