Question: What transaction does the following general journal entry represent? Debit to accounts payable for $1,200 Credit to cash for $1,200 a)Provided services on account. b)Paid

What transaction does the following general journal entry represent?

Debit to accounts payable for $1,200

Credit to cash for $1,200

a)Provided services on account.

b)Paid cash owed to a supplier.

c)Collected cash from customers.

d)Borrowed money to support operating activities

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!

Q:

Ray, Carol, and Jack are equal partners in the RCJ Partnership, which uses the accrual method of accounting. All three materially participate in the business. RCJ reports financial accounting income...

Q:

What transaction does the following general journal entry represent? Cash 700 Accounts Receivable 700 a. Provided services on account. b. Paid cash owed to a supplier. c. Collected cash from...

Q:

What transaction does the following general journal entry represent? Debit Credit Cash 700 Accounts Receivable 700 A.Provided services on account B.Paid cash owed to a supplier C.Collected cash from...

Q:

19. What transaction does the following general journal entry represent? Accounts payable 1,200 Cash 1,200 A. Provided services on account. B. Paid cash owed to a supplier. C. Collected cash from...

Q:

What transaction does the following general journal entry represent? Cash 700 Account Receivable 700 a. Provided services on account. b. Paid cash owed to a supplier. C. Collected cash from...

Q:

What transaction does the following general journal entry represent? Cash 700 Account Receivable 700 a. Provided services on account. b. Paid cash owed to a supplier. C. Collected cash from...

Q:

What transaction does the following general journal entry represent? Provided services on account. Paid cash owed to a supplier. Collected cash from customers. Borrowed money to support operating...

Q:

please solve all the problems. Format Tools Data Window Help Espinal Mineis-ACP Excel File Edit View Insert BU Home insert Draw Page Layout Formulas Data Review View A- So Wrap Text B A aste Merge &...

Q:

I dont understand whymy trial balance doesn't addup on my Myob.can someone please help GENERAL JOURNAL Date Description July 26 Accounts Payable - Hit the road Inventory GST Paid June Post Ref. Debit...

Q:

Accounting Cycle Project, I need help in the journal, GL assets, GL liab-equity, GL Rev-Exp, Trai Bal, IS&SEquity, BalSht, Post Close TB, I don't know how to find out the supplies expense and the...

Q:

Lenny's Lawn Service, Inc. - Transactions - Additional Information July 2021 Transactions Date Description of the Transaction July 1 Borrow $35,000.00 from 1st Bank by signing a 24 month note (As an...

Q:

An eight-year bond has a yield of 9% and a duration of 7.201 years. If the bond's yield increases by 25 basis points, what is the percentage change in the bond's price as predicted by the duration...

Q:

At what point in the investigation process is it important to develop a fraud theory?

Q:

P4.2 (LO 1, 2) (Statement of Financial Position Preparation) Presented below are a number of statement of financial position items for Montoya SA, for the current year, 2025. Goodwill Payroll taxes...

Q:

last two options for the multiple choice are : performance management development A construction equipment manufacturer, Roswell Corporation, is focusing on becoming a leader in sustainability in...

Q:

Explain the role of the manager in identifying training needs and supporting training on the job. page 267

Q:

Discuss the strengths and weaknesses of presentation, hands-on, and group training methods. page 282

Q:

Describe the degree to which each of the common methods used in selecting human resources meets the demands of reliability, validity, generalizability, utility, and legality. page 239