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

Question 3

Multiple Choice

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

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