1. A woman stopped in at the hotel lobby to see if there was room for her tonight and the next night. The hotel manager, Barbara, confirmed that she did have a vacancy. The total cost for the two nights totaled $225.00. The customer paid the total balance using cash. Which T-Account or T-Accounts listed below correctly show how a cash sale should be recorded?
Accounting
1. A woman stopped in at the hotel lobby to see if there was room for her tonight and the next night. The hotel manager, Barbara, confirmed that she did have a vacancy. The total cost for the two nights totaled $225.00. The customer paid the total balance using cash.
Which T-Account or T-Accounts listed below correctly show how a cash sale should be recorded?
A
B
C
D
2. John owns an apartment complex and hires a roofing contractor to replace a section of a roof on one of the buildings.
Which entry correctly shows John paying the contractor $1,500 cash for the future expense of replacing a section of the roof?
A
B
C
D
3. A business purchases office supplies with cash in the amount of $15,000 on January 1.
What would the
A
B
C
D
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