Chaney Aircrat Service Co started buniness on April 1, 2010. The company began business with $12,000...

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Chaney Aircrat Service Co started buniness on April 1, 2010. The company began business with $12,000 in cash and no other assets Durng the firt month of busnos, Chaney used a purchase journal and a cash payment journal Those journals at the ond of the month are provided below I (Click the icon to vw purchase oumal) m (Click the icon to view cash payments journal) OA. S2.270 crodit OB. S10,870 credt OC. S8,600 dobit OD. $3,450 credit A. $2.270 credit Cash Payments Journal %3D B. S10,870 credit C. $8,600 debit D. $3,450 credit Other Accounts Debit Accounts Payable Debit Cheque # 302 Date Accounts Debited Cash Credit Misc. Expense A1 Products Adams Equip. Co. Misc. Expense A1 Products $450 2,000 5,000 20 1,000 600 $9,070 ck to select your answe Apr 4 $450 $2,000 5,000 303 13 20 24 29 Total 304 305 20 1,000 600 $8,600 306 307 Clark Co. $470 Print Done ENG 5 *u 2e (3 Complete) This Quiz: 9 E (Click the icon toi nurchase journal m (Click the icon to A Purchase Journal Vhat was the baland DA. $2,270 credit Supplier Account Accounts Inventory Debit Supplier Debit Other Accounts Debit B. $10,870 cred Date Credited Payable $2,000 5,000 1,000 600 2,200 70 $10,870 Amount Apr. 2A1 Products 5 Adams Equip Co. 11 A1 Products 15 Clark Co. 21 Adams Equip. Co. 22|Martha Food Service Total OC. $8,600 debit OD. $3.450 credit $2,000 Equipment $4, 100 1,000 Repair expense Equipment Misc. Expense $3,000 60 2,200 ick to select your a 70 S7 870 Print Done Chaney Aircrat Service Co started buniness on April 1, 2010. The company began business with $12,000 in cash and no other assets Durng the firt month of busnos, Chaney used a purchase journal and a cash payment journal Those journals at the ond of the month are provided below I (Click the icon to vw purchase oumal) m (Click the icon to view cash payments journal) OA. S2.270 crodit OB. S10,870 credt OC. S8,600 dobit OD. $3,450 credit A. $2.270 credit Cash Payments Journal %3D B. S10,870 credit C. $8,600 debit D. $3,450 credit Other Accounts Debit Accounts Payable Debit Cheque # 302 Date Accounts Debited Cash Credit Misc. Expense A1 Products Adams Equip. Co. Misc. Expense A1 Products $450 2,000 5,000 20 1,000 600 $9,070 ck to select your answe Apr 4 $450 $2,000 5,000 303 13 20 24 29 Total 304 305 20 1,000 600 $8,600 306 307 Clark Co. $470 Print Done ENG 5 *u 2e (3 Complete) This Quiz: 9 E (Click the icon toi nurchase journal m (Click the icon to A Purchase Journal Vhat was the baland DA. $2,270 credit Supplier Account Accounts Inventory Debit Supplier Debit Other Accounts Debit B. $10,870 cred Date Credited Payable $2,000 5,000 1,000 600 2,200 70 $10,870 Amount Apr. 2A1 Products 5 Adams Equip Co. 11 A1 Products 15 Clark Co. 21 Adams Equip. Co. 22|Martha Food Service Total OC. $8,600 debit OD. $3.450 credit $2,000 Equipment $4, 100 1,000 Repair expense Equipment Misc. Expense $3,000 60 2,200 ick to select your a 70 S7 870 Print Done

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The Correct option is B 10870 Credit Explanation In our question we h... View the full answer