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You are watching: Which of the following entries records the payment of an account payable

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Transcribed image text: 26. Which of the following entries records the payment of an account payable? a. debit Cash; credit Accounts Payable b. debit Accounts Receivable; credit Cash c. debit Cash; credit Supplies Expense d. debit Accounts Payable; credit Cash Which of the following entries records the payment of dividends in cash to Sue Martin. a. debit Common Stockl; credit Cash b. debit Dividends; credit Cash c. debit Salaries Expense; credit Cash d. debit Salaries Expense; credit Salaries Payable 27. 28.Cash was paid by Ari's Alarm Service to creditors on account. Which of the following entries for Ari's Alarm Service records this transaction? a. Cash, debit; Common Stockl, credit b. Accounts Payable, debit; Cash, credit c. Accounts Receivable, debit; Cash, credit d. Accounts Payable, debit; Account Receivable, credit 29. Which of the following entries records the acquisition of office supplies account? a. Office Supplies, debit; Cash, credit b. Cash, debit; Office Supplies, credit c. Office Supplies, debit; Accounts Payable, credit d. Accounts Receivable, debit; Office Supplies, credit 30. Which of the following entries records the payment of rent for the current month? a. Cash, debit; Rent Expense, credit b. Rent Expense, debit; Cash, credit c. Rent Expense, debit; Accounts Receivable, credit d. Accounts Payable, debit; Rent Expense, credit 31. Which of the following entries records the collection of cash from cash customers? a. Fees Earned, debit; Cash, credit b. Fees Earned, debit; Accounts Receivable, credit c. Cash, debit; Fees Earned, credit d. Accounts Receivable, debit; Fees Earned, credit 32. Prarie Clinic purchased X-ray equipment for $4,000, paid $1,275 down, with the remainder to be paid later. The correct entry would be a. Equipment 1,275 1,275 Cash 1,275 Accounts Payable 2,725 b. Cash 4,000 Equipment 4,000 c. Equipment Expense Accounts Payable Cash 1,275 2,725 4,000 d. Equipment Accounts Payable 2,725 Cash 1,275 33. Which of the following is not considered to be a liability? a. Wages Payable b. Accounts Receivable c. Unearned Revenues d. Accounts Payable 34. Joshua Scott invests S65,000 into his new business in exchange for common 65,000 stock. How would the journal entry for this transaction be entered in the journal? a. Cash Common Stock Sold Common Stock 65,000 b. Cash 65,000 Common Stock Sold Common StockInvested cash in business 65,000 c. Common Stock Cash 65,000 Sold Common Stock 65,000 d. Common Stock 65,000 Cash Sold Common Stock 35. Which of the following group of accounts are increased with a debit? a. assets, liabilities, owner's equity b. assets, drawing, expenses c.

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assets, revenues, expenses d. assets, liabilities, revenues