30-Internal operating activities include research and development, distribution, and human resources.

true or false

31-Pauls Landscaping paid $640 on account for supplies purchased in the prior month. Which of the following general journal entries will Pauls Landscaping make to record this transaction?

• Debit Office supplies expense, $640; credit Cash, $640.

• Debit Cash, $640; credit Office supplies, $640.

• Debit Office supplies, $640; credit Cash, $640.

• Debit Office supplies, $640; credit Accounts payable, $640.

• Debit Accounts payable, $640; credit Cash, $640.

  33-A company's old machine that cost $43,000 and had accumulated depreciation of $32,700 was traded in on a new machine having an estimated 20-year life with an invoice price of $53,300. The company also paid $45,700 cash, along with its old machine to acquire the new machine. If this transaction has commercial substance, the new machine should be recorded at:

• $10,300.

• $56,000.

• $43,000.

• $50,600.

• $53,300.