Question: When using accounting without reversing entries: A. A credit to cash is made when paid. B. A credit is made to the expense account when

When using accounting without reversing entries:

A.

A credit to cash is made when paid.

B.

A credit is made to the expense account when paid.

C.

A credit is made to the payable account when paid.

D.

A credit is made to accounts receivable when paid.

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:

Here is my midterm, but I need help completing it. Can you help me complete the templates? ACCOUNTING MID TERM John's House Painting Company has the following transactions for the year 1. December 1...

Q:

Problem 21-6 The following facts pertain to a noncancelable lease agreement between Faldo Leasing Company and Metlock Company, a lessee. Inception date January 1, 2017 Annual lease payment due at the...

Q:

1. (Points: 1) The primary purpose of hiring a public accounting firm to examine the financial statements of the company is a. to assure no fraud has been committed by the company's management b. to...

Q:

Current Attempt in Progress Ivanhoe Corp., a lessee, entered into a non-cancellable lease agreement with Galt Manufacturing Ltd., a lessor, to lease special- purpose equipment for a period of seven...

Q:

In 1967 Gabriel Bisset moved with his wife, Antoinette, from a rural town in France to the growing city of Toronto, Canada. They dreamed about their future in Canada, becoming accustomed to the...

Q:

121 Homepage - 22F X DI NASA Space Miss X w| 4-2 X NWP Assessment X * Homework Help X +...

Q:

The unadjusted trial balance for Sandhill Video Arcade at its fiscal year end of May 31, 2021, is as follows: Credit SANDHILL VIDEO ARCADE Trial Balance May 31, 2021 Debit Cash $5,940 Supplies 2,910...

Q:

Old MathJax webview please solve 4,5,15 please it's a request please step by step please i will give you a thumbs up please do it please... pls solve 4,5 please it's a request please step by step...

Q:

The Rachel's Enterprises Solutions had the following balance sheet as of December 31, 2020. The transactions for the first three months of 2021 are also presented along with other information about...

Q:

The unadjusted trial balance for Sand hill Video Arcade at its scal year end of May 31, 2021, is as follows: SANDH ILL VI DEO ARCADE Trial Balance May 31, 202 1 Debit Credit Cash $5 ,940 Supplies...

Q:

a. What is a deviation from the average? b. What is the average of all of the deviations?

Q:

A biology 207 student sub cloned the promoterless, GFP gene from pCam"-GFP into pUC18-207 using a double digest. They used competent, prototrophic DH5AE. coli cells in their transformation protocol...

Q:

1 4 Atnip Credit Union offers to lend Jacob $ 1 6 , 0 0 0 to buy a car; the loan calls for payments of $ 2 6 4 per month for 6 years. Which of the following statements is most TRUE? ( Use 6 decimal...

Q:

SIMAD UNIVERSITY Class: BACC25 Subject: Islamic Accounting Instructions: a) Follow The Instructions. Midterm Exam Instructor: All Ibrahim Date: 6-4-2022 b) You Have 1.5 Hrs. To Complete This Test. c)...

Q:

Evaluate a selection of HR models and appreciate their inherent contradictions.

Q:

Identify the roles and purpose of human resources in todays environment.

Q:

10-15 Evaluate Zagat using the competitive forces and value chain models. Founded by Tim and Nina Zagat, the Zagat Survey has collected and published ratings of restaurants by diners since 1979....