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Orlando Company Paid $700 Cash for Production Workers' Wages B)

Question 2

Multiple Choice

Orlando Company paid $700 cash for production workers' wages.How does this transaction affect the financial statements? $Orlando Company paid $700 cash for production workers' wages.How does this transaction affect the financial statements? A) \begin{array} { | l | l | l | l | l | l | l | l | l | l|l|l|} \hline (700) & + &700& =& \mathrm { NA } & + & \mathrm { NA }& \mathrm { NA } & - & \mathrm { NA } & =&\mathrm { NA }\\ \hline \end{array} B) \begin{array} { | l | l | l | l | l | l | l | l | l | l|l|l|} \hline (700) & + & \mathrm { NA } & =& (700) & + & \mathrm { NA }& \mathrm { NA } & - & \mathrm { NA } & =&\mathrm { NA }\\ \hline \end{array} C) \begin{array} { | c | c | c | c | c | c | c | c | c | c|c|c|} \hline ( 700 ) & + & \text { NA }&= & \text { NA } & +& ( 700 ) & \text { NA } & - &700 & = &( 700 ) \\ \hline \end{array} D) \begin{array} { | l | l | l | l | l | l | l | l | l | l | l|l|} \hline \mathrm { NA } & +& 700 & = & 700&+ & \mathrm { NA } & \mathrm { NA } & - & \mathrm { NA } & =&\mathrm { NA } \\ \hline \end{array}$

A) $\begin{array} { | l | l | l | l | l | l | l | l | l | l|l|l|} \hline (700) & + &700& =& \mathrm { NA } & + & \mathrm { NA }& \mathrm { NA } & - & \mathrm { NA } & =&\mathrm { NA }\\ \hline \end{array}$

B) $\begin{array} { | l | l | l | l | l | l | l | l | l | l|l|l|} \hline (700) & + & \mathrm { NA } & =& (700) & + & \mathrm { NA }& \mathrm { NA } & - & \mathrm { NA } & =&\mathrm { NA }\\ \hline \end{array}$

C) $\begin{array} { | c | c | c | c | c | c | c | c | c | c|c|c|} \hline ( 700 ) & + & \text { NA }&= & \text { NA } & +& ( 700 ) & \text { NA } & - &700 & = &( 700 ) \\\hline\end{array}$
D) $\begin{array} { | l | l | l | l | l | l | l | l | l | l | l|l|} \hline \mathrm { NA } & +& 700 & = & 700&+ & \mathrm { NA } & \mathrm { NA } & - & \mathrm { NA } & =&\mathrm { NA } \\\hline\end{array}$