Given the Following Accounts

question 112

Multiple Choice

Given the following accounts:
-Paid voucher #419 which was issued to reimburse petty cash for the purchase of supplies, $35, and delivery expense of $50.
Debit ________ Credit ________

• A)Cash in bank
• B)Petty cash
• C)Supplies
• D)Equipment
• E)Notes payable
• F)Vouchers payable
• G)FICA payable
• H)Wages payable
• I)Purchases
• J)Purchase discounts
• K)Discounts lost
• L)Repairs expense
• M)Interest expense
• N)Delivery expense
• Indicate the account(s) to be debited and credited to record the following transactions.
• The company uses the periodic inventory method.

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Definitions:

Consistency Motive

The desire to maintain harmony and coherence among one’s beliefs, attitudes, and behaviors to avoid cognitive dissonance.

Self-Handicapping

A behavior where an individual creates obstacles or excuses to avoid self-blame in case of failure.

Poor Health

A state characterized by ill health or low vitality, often resulting from disease, lifestyle, or environmental factors.

Wrestling Match

A competitive sporting event where two individuals engage in physical combat, trying to gain control over the other by using grappling techniques.