Post Utme Elizade University 2022 Accounting Question 37

Practice objective / multiple choice question 37 from the 2022 Post Utme Elizade University Accounting examination.

Post Utme Elizade University 2022 Accounting Objective / Multiple Choice
Question 37 POST_UTME_ELIZADE_UNIVERSITY • 2022 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for 1,000, Purchased equipment for 10,000, and Paid salaries of 5,000. Prepare the journal entry to record these transactions.

Answer Options

Correct Answer A. Debit Office Supplies 1,000, Debit Equipment 10,000, Debit Salaries Expense 5,000
B. Debit Office Supplies 1,000, Debit Equipment 10,000, Credit Salaries Expense 5,000
C. Debit Office Supplies 1,000, Credit Equipment 10,000, Debit Salaries Expense 5,000
D. Debit Office Supplies 1,000, Credit Equipment 10,000, Credit Salaries Expense 5,000
Correct Answer
A
Correct Option:
Debit Office Supplies 1,000, Debit Equipment 10,000, Debit Salaries Expense 5,000

About This Question

This is Post Utme Elizade University 2022 Accounting Question 37. It is one of the objective questions from the 2022 Post Utme Elizade University Accounting examination.

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