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A photocopy firm bought photocopy equipment for $2,000 with cash. The entries are:Dr. Photocopy Equipment $2,000Cr. $2,000

Accounts Payable
B. Cash
Check

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A photocopy firm purchased office equipment from Hougas Equipment Co. for $5,300, paying $2,300 in cash and agreeing to pay the rest next month. The entries are:Dr. Office Equipment $5,300Cr. Cash $2,300$3,000

Accounts Receivable
B. Accounts payable
C. Notes Payable

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Your company purchased on credit art equipment from Greg’s Equipment Company for $3,900. The transaction will be recorded as:

A. Dr. Art Equipment $3,900 Cr. Accounts Payable $3,900
B. Dr. Accounts Payable $3,900 Cr. Art Equipment $3,900
C. Dr. Art Equipment $3,900 Cr. Cash $3,900

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The missing amount should be:

A. 8,045,000
B. 7,950,000
C. 7,955,000

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In a firm, if the net sales are 200 million dollars, the cost of goods sold is 50 million dollars, what is the gross profit?

A. 250 million dollars
B. 150 million dollars
C. 300 million dollars

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A photocopy firm bought photocopy equipment for $2,000 with cash. The entries are:Dr. Photocopy Equipment $2,000Cr. $2,000

Accounts Payable B. Cash Check

A photocopy firm purchased office equipment from Hougas Equipment Co. for $5,300, paying $2,300 in cash and agreeing to pay the rest next month. The entries are:Dr. Office Equipment $5,300Cr. Cash $2,300$3,000

Your company purchased on credit art equipment from Greg’s Equipment Company for $3,900. The transaction will be recorded as:

The missing amount should be:

In a firm, if the net sales are 200 million dollars, the cost of goods sold is 50 million dollars, what is the gross profit?

Accounts Payable
B. Cash
Check