1.
Question 11. 11. Delivery equipment is purchased on account. This transaction would be
recorded by: (Points : 2) Â Â Â Â Â Â Debiting Delivery Equipment and crediting Accounts
Payable
Debiting Delivery Expense and crediting Cash
Debiting Delivery Expense and crediting Accounts Payable
Debiting Delivery Equipment and crediting Cash
Debiting Capital and crediting Accounts Payable
Debit Telephone Expense and Credit Cash
Debiting Telephone Expense and crediting Accounts Payable
Debiting Telephone Expense and crediting Notes Payable
Question 12. 12. In the computer accounting cycle, which of the following report is not
included? (Points : 2)
Adjusted trial balance
Unadjusted trial balance
Worksheet
Financial statements
Solution
11)correct option is "A" -Debiting Delievery equipment and crediting Accounts payable
12)correct option is"B " -unadjusted trial balance
13)correct option is"B" -cash ,accounts receivables, office supplies
14)correct option is"C"-decrease in cash
15)correct option is "B" -Debit telephone expense and credit cash