PLEASE SELECT THE CORRECT ANSWER AND PROVIDE THE REASON WHY YOU CHOOSE THAT ANSWER. EXPLAINATIONS, EXPLAINATIONS

12. What entry should be made when a water bill is paid by cheque for $150 to the Water & Sewerage Corporation? ACCOUNT ACCOUNT DEBITED CREDITED Bank Water Expense Bank Water & Sewerage Corporation c. Water Expense Bank Water & Sewerage Corporation Bank 1 A. B. D. 13. Jones buys a second-hand car for his business and pays by cheque. How this should be recorded? ACCOUNT DEBITED ACCOUNT CREDITED A. Automobile Bank B. Automobile Cash C. Bank Automobile D. Cash Automobile [1] 14. A motor vehicle purchased on credit was incorrectly debited to the Motor Expenses account. How is this error corrected? Account to be debited Account to be credited Motor Expenses A. Creditors Motor Expenses Creditors B. C. Motor Vehicles Motor Expenses D. Motor Expenses Motor Vehicles (1)