Post Utme Redeemers University 2023 Accounting Question 9

Practice objective / multiple choice question 9 from the 2023 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2023 Accounting Objective / Multiple Choice
Question 9 POST_UTME_REDEEMERS_UNIVERSITY • 2023 • ACCOUNTING • objective

A company has the following transactions: Purchased office supplies for 1,000, Paid rent 2,000, and Sold goods for 5,000. Prepare the journal entries.

Answer Options

Correct Answer A. Debit Office Supplies 1,000, Credit Cash 1,000, Debit Rent Expense 2,000, Credit Cash 2,000, Debit Sales Revenue 5,000, Credit Cash 5,000
B. Debit Office Supplies 1,000, Credit Cash 1,000, Debit Rent Expense 2,000, Credit Cash 2,000, Debit Sales Revenue 5,000, Credit Accounts Receivable 5,000
C. Debit Office Supplies 1,000, Credit Cash 1,000, Debit Rent Expense 2,000, Credit Cash 2,000, Debit Sales Revenue 5,000, Credit Cash 5,000
D. Debit Office Supplies 1,000, Credit Cash 1,000, Debit Rent Expense 2,000, Credit Accounts Payable 2,000, Debit Sales Revenue 5,000, Credit Cash 5,000
Correct Answer
A
Correct Option:
Debit Office Supplies 1,000, Credit Cash 1,000, Debit Rent Expense 2,000, Credit Cash 2,000, Debit Sales Revenue 5,000, Credit Cash 5,000

About This Question

This is Post Utme Redeemers University 2023 Accounting Question 9. It is one of the objective questions from the 2023 Post Utme Redeemers University Accounting examination.

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