Monaco & Associates
Use the following five transactions for Monaco & Associates to answer the following question.
Oct. 1 Bills are sent to clients for services provided in September in the amount of .
9 Dravo Co. delivers office furniture and office supplies to Monaco leaving an invoice for .
15 Payment is made to Dravo Co. for the furniture and office supplies delivered on October 9 .
23 A bill for for electricity for the month of September is received and will be paid on its due date in November.
31 Salaries of are paid to employees.
-See the transactions for Monaco & Associates. ?
The journal entry to record the October 31 transaction will include a credit to
A) Salaries Expense.
B) Accounts Payable.
C) Prepaid Salaries.
D) Cash.
Correct Answer:
Verified
Q98: An entry made to the right side
Q99: Copper Corp.
Use the selected accounts for
Q100: Which of the following accounts is increased
Q101: Which of the following statements is true?
A)If
Q102: The record in which transactions are initially
Q104: A credit means
A)the event has an effect
Q105: A list of all accounts and their
Q106: The purchase of office equipment at a
Q107: What type of account is increased with
Q108: A trial balance is a(n)
A)optional financial statement
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