Question: Th-4e. Accountine Transactions Resulting from Processing Purchasing and Cash Distrarsement Transactions Select the proper accounting entry from the list provided, The inwoice for accounting and

 Th-4e. Accountine Transactions Resulting from Processing Purchasing and Cash Distrarsement Transactions
Select the proper accounting entry from the list provided, The inwoice for
accounting and tax services performed in the current month fram Bools by
Bessie was recelvodand pald on the same day. 1 DR Legoi and

Th-4e. Accountine Transactions Resulting from Processing Purchasing and Cash Distrarsement Transactions Select the proper accounting entry from the list provided, The inwoice for accounting and tax services performed in the current month fram Bools by Bessie was recelvodand pald on the same day. 1 DR Legoi and Professional Fees: Accounting and CR Checking. 2 DR checking and CR Accounts. Payable 3 DR job Expenses and CR Checking? 4 DRTegatand Professional Feesz Accounting and CR Job Expenses Wesar 2ubsalary Account Eaiances Affected by Processing Purchasing and Cash Disbarsement Transactions Whotse vie subsd iny recoid or records affected by the transaction and the elfect on each (increase or decrease) from the list prowided, irventory was received but 1. inventory decrease, Accounts Payable deciease 2. Liventary decresse, Accounts Payable incresse 3 Loventury increase, Accounts Payable increase 4 inventoyy hicease. Mccounts Pagable decrease 5. Nosuhsidiary rocords are affected porchase of imeneory wat prepared and saved: 1. Inventory decreass, Accounts payable dectease 2. Inventory decrease, Accounts Poyable increase 4) Inwntory increabe, Arcounts lesceivable decrease s. Was sotisidarymecords are aflected Which general ledger account is credited When inventory is recelved along with a bill from vendor? \begin{tabular}{l|l} \hline 1 & Cash \\ \hline 2 & Inventory \\ \hline 3 & Supplies \\ \hline 4 & Accounts Payabie. \end{tabular}

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!