Post Utme Crawford University 2017 Accounting Question 24

Practice objective / multiple choice question 24 from the 2017 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2017 Accounting Objective / Multiple Choice
Question 24 POST_UTME_CRAWFORD_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the single-entry method to record its transactions. The company's journal entries show the following transactions: Debit Cash 1,000, Credit Accounts Payable 500, Debit Accounts Receivable 200, and Credit Common Stock 300. What is the total amount of the transactions recorded in the journal entries?

Answer Options

Correct Answer A. 1,700
B. 1,300
C. 1,200
D. 1,500
Correct Answer
A
Correct Option:
1,700

About This Question

This is Post Utme Crawford University 2017 Accounting Question 24. It is one of the objective questions from the 2017 Post Utme Crawford University Accounting examination.

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