Solved

Match the Transaction with the Appropriate T-Account Entry

Question 126

Matching

Match the transaction with the appropriate T-account entry

Premises:
Increase in Accounts Payable.
Increase in Cash.
Decrease in Accrued Liabilities.
Increase in Inventory.
Decrease in Wages Payable.
Decrease in Property and Equipment.
Decrease in Notes Payable.
Increase in Contributed Capital.
Responses:
credit (cr)
debit (dr)

Correct Answer:

Increase in Accounts Payable.
Increase in Cash.
Decrease in Accrued Liabilities.
Increase in Inventory.
Decrease in Wages Payable.
Decrease in Property and Equipment.
Decrease in Notes Payable.
Increase in Contributed Capital.
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