Hennigan Company
Use the Five Transactions Below for Hennigan Rentals $\quad$

question 12

Multiple Choice

Hennigan Company
Use the five transactions below for Hennigan Rentals to answer the questions that follow.
Dec. 1 $\quad$ Hennigan purchases two new saws on credit at $\$ 375$ each. The saws are added to Hennigan's rental inventory. Payment is due in 30 days.

8 $\quad$ Hennigan accepts advance deposits for tool rentals of $\$ 75$ .

15 $\quad$ Hennigan receives a bill from Farmer's Electric Company for $\$ 150$ . Payment is due in 30 days.

20 $\quad$ Customers are charged $\$ 750$ by Hennigan for tool rentals. Payment is due from the customers in 30 days.

31 $\quad$ Hennigan receives $\$ 500$ in payments from the customers that were billed for rentals on December 20.
-Refer to the transactions for Hennigan Rentals. ?
Based on the December 8 transaction,Hennigan will record which of the following in its accounting records?

• A)A credit in Accounts Payable for $75
• B)A credit in Accounts Receivable for $75
• C)A debit in Accounts Payable for $75
• D)A debit in Accounts Receivable for $75

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Definitions:

Proofreading

The process of reviewing written text to correct grammatical errors, typos, and other inaccuracies to ensure high quality and accuracy before publication.

Personal Error Patterns

refer to the unique mistakes that a person tends to make repeatedly when learning or performing a task, especially in writing or speaking.

Proofreading Strategy

A proofreading strategy is a methodical approach employed to carefully review and correct written texts to ensure accuracy and consistency.

Personal Error Patterns Chart

A visual or written record used to track and analyze the recurring mistakes an individual makes, often used in educational and personal development contexts to improve performance.