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How will QAD record the March 11 transaction? (4 marks)

a. increase Advertising Expense and decrease Prepaid Advertising by $226 each, and also decrease Cash and increase Wages Expense by $80 each

b. increase Advertising Expense and decrease Prepaid Advertising by $113 each, and also increase Cash and decrease Wages Expense by $80 each

c. increase Advertising Expense and decrease Prepaid Advertising by $113 each, and also decrease Cash and increase Wages Expense by $80 each

d. increase Advertising Expense and decrease Prepaid Advertising by $226 each, and also increase Cash and decrease Wages Expense by $80 each

e. decrease Advertising Expense and increase Prepaid Advertising by $193 each, and also increase Cash and decrease Wages Expense by $80 each

f. increase Advertising Expense and decrease Prepaid Advertising by $226 each, and also decrease Cash and increase Wages Expense by $80 each

Enter the letter that corresponds to your choice. (A B C D E F)

How will QAD record the March 12 transaction? (1 mark)

a. increase both Cash and Service Revenue, $100

b. increase both Cash and Deferred Revenue, $100

c. increase both Accounts Receivable and Service Revenue, $100

d. increase both Accounts Receivable and Deferred Revenue, $100

e. No entry is needed.

Enter the letter that corresponds to your choice. (A B C D E)

How will QAD record the March 15 transaction? (1 mark)

a. increase both Cash and Service Revenue, $200

b. increase both Cash and Deferred Revenue, $200

c. increase both Cash and Service Revenue, $100

d. increase both Accounts Receivable and Service Revenue, $200

e. increase both Accounts Receivable and Deferred Revenue, $200

f. no entry is needed until you provide the services.

Enter the letter that corresponds to your choice. (A B C D E F)

How will QAD record the March 27 transaction? (1 mark)

a. increase both Accounts Receivable and Service Revenue, $2,200

b. increase both Accounts Receivable and Deferred Revenue, $2,200

c. increase both Cash and Service Revenue, $2,200

d. increase both Cash and Deferred Revenue, $2,200

e. No entry is needed.

Enter the letter that corresponds to your choice. (A B C D E)

Your first month's transactions are listed below