Question: Please give the answer and explain the reason!!!! 8. Which of the following is a possible adjusting journal entry? 4 Debit Cash, credit Accounts Payable.

Please give the answer and explain the reason!!!! 8. Which of

Please give the answer and explain the reason!!!!

8. Which of the following is a possible adjusting journal entry? 4 Debit Cash, credit Accounts Payable. Debit Service Revenue, credit Cash. Debit Salaries Expense, credit Salaries Payable. Debit Utilities Expense, credit Retained Earnings. i ove

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

13. The following information pertains to Barry Corp' of August 31: s cash balance and bank reconciliation as Company balance before $5,000 reconciliation Checks outstanding Notes collected by the...

11) Which of the following entries records the cash payment of an Account Payable? a. debit Cash; credit Accounts Payable b. debit Accounts Receivable; credit Cash c. debit Cash; credit Expense d....

The following transactions occurred for Lawrence Engineering: (Click the icon to view the transactions.) Journalize the transactions of Lawrence Engineering, Include an explanation with each journal...

When a company has performed a service but has not yet received payment, what is the required journal entry to be recorded? Accounts Receivable - Debit; Service Revenue - credit Service Revenue -...

Request to give no wrong answers: The P/V extent of a firm overseeing in precision instruments is 50.3862% and edge of prosperity is 40.3862%. Figure net advantage, if the business volume is...

Please answer the following questions and show work using separate excel spreadsheets. 1.Which of the following statements is most applicable to the business entity concept? Question 1 options: a....

Please answer the multiple choice with brief explanation Quiz: 221 Mid-Term Exam: Multiple-Choice 10/6/14, 12:04 AM 221 Mid-Term Exam: Multiple-Choice Started: Oct 6 at 12:46am Quiz Instructions...

PART I.MULTIPLE CHOICE.CIRCLE THE LETTER OF THE BEST RESPONSE. 1. A business had the following assets and liabilities at the beginning and at the end of a year: AssetsLiabilities Beginning of year......

Which statement describes a characteristic of cloud computing? A business can connect directly to the Internet without the use of an ISP Applications can be accessed over the Internet through a...

Journalize the transactions. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Aug. 1, 202X: Paid 2 months' rent in advance, $7,000. Date Aug....

In considering bonds to buy, assume you have two bonds with the same duration: Bond ONE has a convexity of 1 0 ; and bond TWO has a convexity of 5 . Which one is better to choose when interest rates...

The American writer and humorist Mark Twain once said: It usually takes me more than three weeks to prepare a good impromptu speech. Impromptu, as we have seen, describes delivery that s spontaneous,...

Identify the following budget line items: Personnel Materials Media costs Equipment and facilities Miscellaneous expenses

Does your message use defamatory language?

Will this tactic help the organization to interact with the appropriate public?