Post Utme Noun 2019 Accounting Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Noun Accounting examination.

Post Utme Noun 2019 Accounting Objective / Multiple Choice
Question 35 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 financial statements for the above transactions.

Answer Options

A. Office Equipment 10,000, Office Supplies 2,000, Cash 1,500, Rent 1,000
B. Office Equipment 10,000, Office Supplies 2,000, Cash 1,000, Rent 1,000
Correct Answer C. Office Equipment 10,000, Office Supplies 2,000, Cash 1,500, Rent 1,000
D. Office Equipment 10,000, Office Supplies 2,000, Cash 1,000, Rent 1,500
Correct Answer
C
Correct Option:
Office Equipment 10,000, Office Supplies 2,000, Cash 1,500, Rent 1,000

About This Question

This is Post Utme Noun 2019 Accounting Question 35. It is one of the objective questions from the 2019 Post Utme Noun Accounting examination.

View More Post Utme Noun 2019 Accounting Questions More Post Utme Noun Practice Questions Back to Questions

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support