Solved

Orlando Company Paid $620 Cash to Purchase Raw Materials B)

Question 15

Multiple Choice

Orlando Company paid $620 cash to purchase raw materials.How would this transaction affect Orlando's financial statements? $Orlando Company paid $620 cash to purchase raw materials.How would this transaction affect Orlando's financial statements? A) \begin{array}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline620&+&(620) &=&\mathrm{NA}&+&\mathrm{NA}& \text { NA }&-&\mathrm{NA}&=&\mathrm{NA}\\ \hline \end{array} B) \begin{array}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline620&+&\mathrm{NA}&=&(620) &+&\mathrm{NA}& \text { NA }&-&\mathrm{NA}&=&\mathrm{NA}\\ \hline \end{array} C) \begin{array}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline(620) &+&\mathrm{NA}&=&\mathrm{NA}&+&(620) & \text { NA }&-&620&=&(620) \\ \hline \end{array} D) \begin{array} { | l | l | l | l | l | l | l | l | l|l|l|} \hline ( 620 ) & + &( 620 ) & = & \mathrm { NA } &+& \mathrm { NA } &-& \mathrm { NA } &=& \mathrm { NA } \\ \hline \end{array}$

A) $\begin{array}{|c|c|c|c|c|c|c|c|c|c|c|c|c|}\hline620&+&(620) &=&\mathrm{NA}&+&\mathrm{NA}& \text { NA }&-&\mathrm{NA}&=&\mathrm{NA}\\\hline\end{array}$

B) $\begin{array}{|c|c|c|c|c|c|c|c|c|c|c|c|c|}\hline620&+&\mathrm{NA}&=&(620) &+&\mathrm{NA}& \text { NA }&-&\mathrm{NA}&=&\mathrm{NA}\\\hline\end{array}$

C) $\begin{array}{|c|c|c|c|c|c|c|c|c|c|c|c|c|}\hline(620) &+&\mathrm{NA}&=&\mathrm{NA}&+&(620) & \text { NA }&-&620&=&(620) \\\hline\end{array}$

D) $\begin{array} { | l | l | l | l | l | l | l | l | l|l|l|} \hline ( 620 ) & + &( 620 ) & = & \mathrm { NA } &+& \mathrm { NA } &-& \mathrm { NA } &=& \mathrm { NA } \\\hline\end{array}$