Post Utme Noun 2019 Accounting Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Noun Accounting examination.

Post Utme Noun 2019 Accounting Objective / Multiple Choice
Question 32 POST_UTME_NOUN • 2019 • ACCOUNTING • objective

A company has the following transactions: Purchased office equipment for 10,000 cash, Purchased office supplies for 2,000 on credit, Sold office supplies for 1,500 cash, and Paid 1,000 cash for rent. Prepare the journal entries for the above transactions.

Answer Options

A. Debit Office Supplies 2,000, Credit Cash 2,000
B. Debit Office Supplies 2,000, Credit Cash 1,500
C. Debit Office Supplies 2,000, Credit Cash 1,000
Correct Answer D. Debit Office Supplies 2,000, Credit Cash 1,500, Credit Rent 1,000
Correct Answer
D
Correct Option:
Debit Office Supplies 2,000, Credit Cash 1,500, Credit Rent 1,000

About This Question

This is Post Utme Noun 2019 Accounting Question 32. It is one of the objective questions from the 2019 Post Utme Noun Accounting examination.

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