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:

Organizational Learning

The process by which an organization acquires, develops, and transfers knowledge, skills, and behaviors through its people, enhancing its capabilities and effectiveness.

Divisional Learning

Learning that occurs within a specific division or department of an organization, focusing on knowledge and skills relevant to that division’s objectives.

Group Learning

An educational approach that involves participants learning together through collaboration, discussion, and shared activities to enhance understanding and knowledge.

Multilevel Systems Model

A framework that views an organization or system through multiple layers or levels, each interacting with and influencing one another.