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Orlando Company Paid $100 Cash to Purchase Production Supplies B)

Question 18

Multiple Choice

Orlando Company paid $100 cash to purchase production supplies.How does this transaction affect the financial statements? $Orlando Company paid $100 cash to purchase production supplies.How does this transaction affect the financial statements? A) \begin{array} {| l| l | l | l | l | l | l | l | l |l|l|l| } \hline 100 &+& \mathrm { NA } &= & \mathrm { NA } &+& (100) & \mathrm { NA } & - &100&=& 100\\ \hline \end{array} B) \begin{array} { | l | l | l | l | l | l | l | l | l | l|l|l|} \hline \mathrm { NA } & + &100 & =& 100 & + & \mathrm { NA }& \mathrm { NA } & - & \mathrm { NA } & =&\mathrm { NA }\\ \hline \end{array} C) \begin{array} { | l | l | l | l | l | l | l | l | l | l|l|l|} \hline (100) & + &100 & =& \mathrm { NA }& + & \mathrm { NA }& \mathrm { NA } & - & \mathrm { NA } & =&\mathrm { NA }\\ \hline \end{array} D) \begin{array} { | l | l | l | l | l | l | l | l | l | l|l|l|} \hline (100) & + &\mathrm { NA }& =& 100 & + & \mathrm { NA }& \mathrm { NA } & - & \mathrm { NA } & =&\mathrm { NA }\\ \hline \end{array}$

A) $\begin{array} {| l| l | l | l | l | l | l | l | l |l|l|l| } \hline 100 &+& \mathrm { NA } &= & \mathrm { NA } &+& (100) & \mathrm { NA } & - &100&=& 100\\\hline\end{array}$

B) $\begin{array} { | l | l | l | l | l | l | l | l | l | l|l|l|} \hline \mathrm { NA } & + &100 & =& 100 & + & \mathrm { NA }& \mathrm { NA } & - & \mathrm { NA } & =&\mathrm { NA }\\ \hline\end{array}$
C) $\begin{array} { | l | l | l | l | l | l | l | l | l | l|l|l|} \hline (100) & + &100 & =& \mathrm { NA }& + & \mathrm { NA }& \mathrm { NA } & - & \mathrm { NA } & =&\mathrm { NA }\\ \hline\end{array}$

D) $\begin{array} { | l | l | l | l | l | l | l | l | l | l|l|l|} \hline (100) & + &\mathrm { NA }& =& 100 & + & \mathrm { NA }& \mathrm { NA } & - & \mathrm { NA } & =&\mathrm { NA }\\ \hline \end{array}$