题目内容

The amount of a promissory note is called the ____ .

A. realizable value
B. maturity value
C. proceeds
D. face value

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Ford Company purchased computer supplies for $2,600 on credit. Please write down the journal entry.

A. Dr Supplies$2,600, Cr Accounts receivable2,600
B. Dr Supplies2,600, Cr Accounts payable2,600
C. Dr Supplies2,600, Cr Cash2,600
Dr Supplies2,600, Cr Bank account2,600

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Tom’s Company sold the products to FastForward Company for $3,300, FastForward Co. agreed to pay Tom within 30 days. Please write down the journal entry.

A. Dr Accounts receivable$3,300, Cr Cash$3,300
B. Dr Cash$3,300, Cr Accounts payable$3,300
C. Dr Accounts receivable$3,300, Cr Sales revenue$3,300
Dr Notes receivable$3,300, Cr Sales revenue$3,300

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On Septembr 30, accounts payable had a normal balance of $2300. During September, the account was credited for a total of $5400 and debited for a total $3900. What was the balance in the accounts payable at the beginning of September?

A 0 balance
B. An 800 debit balance
C. An 800 credit balance
D. A 3800 debit balance

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If the liability of a business increased $12000 during a period of time and owner's equity in the business decreased $2000 during the same period, the assets of the business must have increased or decreased by how much?

A. decreased $10000
B. decreased $14000
C. increased $10000
D. increased $14000

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The amount of a promissory note is called the ____ .

A. realizable value B. maturity value C. proceeds D. face value

Ford Company purchased computer supplies for $2,600 on credit. Please write down the journal entry.

Tom’s Company sold the products to FastForward Company for $3,300, FastForward Co. agreed to pay Tom within 30 days. Please write down the journal entry.

On Septembr 30, accounts payable had a normal balance of $2300. During September, the account was credited for a total of $5400 and debited for a total $3900. What was the balance in the accounts payable at the beginning of September?

If the liability of a business increased $12000 during a period of time and owner's equity in the business decreased $2000 during the same period, the assets of the business must have increased or decreased by how much?

A. realizable value
B. maturity value
C. proceeds
D. face value