Post Utme Futa 2017 Accounting Question 29

Practice objective / multiple choice question 29 from the 2017 Post Utme Futa Accounting examination.

Post Utme Futa 2017 Accounting Objective / Multiple Choice
Question 29 POST_UTME_FUTA • 2017 • ACCOUNTING • objective

A company has the following transactions: Purchased office equipment for 10,000, paid 5,000 cash, and issued a 3-year note payable for the balance. What is the amount of the note payable?

Answer Options

A. 5,000
Correct Answer B. 7,500
C. 10,000
D. 12,500
Correct Answer
B
Correct Option:
7,500

About This Question

This is Post Utme Futa 2017 Accounting Question 29. It is one of the objective questions from the 2017 Post Utme Futa Accounting examination.

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