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Question 30 (2 points) Udaf, Inc. purchases a truck costing $8,000. The company paid $3,000 right away and charge the remaining amount. To record...
Udaf, Inc. purchases a truck costing $8,000. The company paid $3,000 right away and charge the remaining amount. To record this transaction, the company would:
Question 30 options:
A.Debit Truck $8,000; Credit Cash $3,000 and Credit Accounts Payable $5,000
B.Debit Truck $8,000; Credit Cash $8,000
C.Debit Truck $5,000 and Credit Accounts Payable $3,000
D.Debit Truck $8,000; Credit Cash $3,000 and Credit Accounts Receivable $5,000
Question 31 (2 points)Castro, Inc. purchases a truck costing $25,000. The company paid $20,000 right away and charge the remaining amount. To record this transaction, the company would:
Question 31 options:
A.Debit Truck $25,000; Credit Cash $5,000 and Credit Accounts Receivable $20,000
B.Debit Truck $25,000; Credit Cash $20,000 and Credit Accounts Payable $5,000
C.Debit Truck $25,000; Credit Cash $25,000
D.Debit Truck $25,000 and Credit Accounts Payable $25,000
