HVAC Service
the Following Transactions Occurred During November:
Nov $\quad$

question 147

Multiple Choice

HVAC Service
The following transactions occurred during November:
Nov. 1 $\quad$ The company sent bills to clients for services provided in August in the amoun of $\$ 12,000$ .

Nov. 9 $\quad$ The company purchased office equipment of $\$ 4,000$ and office supplies of $\$ 150$ from Office Depot, receiving an invoice for $\$ 4,150$ . None of the office supplies were used during November.

Nov. 15 $\quad$ The company paid for the office furniture and supplies purchased from Office Depot.

Nov. 23 $\quad$ The company received a $\$ 350$ bill from CKRP Radio for advertising. The bill will be paid next month.

Nov. 30 $\quad$ The company paid salaries of $\$ 2.500$ to employees.
-Refer to the figure HVAC Service.The journal entry to record the bill received from CKRP Radio will include a debit.What account will be debited?

• A) accounts receivable
• B) cash
• C) advertising expense
• D) advertising payable

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Definitions:

Edit Account

The process of modifying the details or settings of an existing account in an accounting or financial system.

Company Center

Likely a feature or section within business or accounting software that provides an overview or management tools for company information and operations.

Temporary Accounts

Accounts in accounting that are closed at the end of the accounting period and include revenues, expenses, and dividends accounts.

Accounting Period

An accounting period is a specific time span during which financial activities are recorded and compiled into financial statements.