Given the Following Accounts

question 45

Multiple Choice

Given the following accounts:
-Prepared and recorded voucher #422 for the purchase of merchandise (gross method) of $10,000 with credit terms of 2/10, n/30.
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:

Needs

Fundamental requirements that individuals must fulfill to achieve basic physiological and psychological well-being.

Affective States

Various psychological states of emotion that range from positive to negative and can fluctuate based on experiences and perceptions.

Physiological Changes

Physiological changes are alterations in the body's normal biological functions, which can occur due to various factors, including stress, exercise, or health conditions.

Emotions

Intricate mental states characterized by personal feelings, bodily reactions, and actions or expressions in response.