Given the Following Accounts

question 132

Multiple Choice

Given the following accounts:
-Paid voucher #426, payment was after the discount period.
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:

Semielliptical Arch

An arch that forms the shape of a half ellipse, commonly used in architecture for its aesthetic appeal and stability.

Diameter

The diameter of a circle is the longest straight line that can be drawn through the center, connecting two points on the circumference.

Height

The measure of vertical distance, either the highest point or the distance from base to top.

Standard Form

A way of writing down very large or very small numbers easily in mathematics, or the general representation of a linear equation as Ax + By = C.