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QUESTION 14 On May 1, Mazaya Company purchased supplies on account for R.O.25.000. On May 31, Mazaya Company purchased additional supplies for RO.10,000 cash and paid half of the balance due on May1 purchase. The May 31 transaction will: Not yet answered Marked out of 1.00 P Flag question Select one a. Increase supplies by R.O.10,000 b. Decrease accounts payable by R.O.25.000 c Decrease cash by R.O 10.000 d. Increase supplies by RO35.000

QUESTION 14 On May 1, Mazaya Company purchased supplies on account for R.O.25.000. On May 31, Mazaya Company purchased additional supplies for RO.10,000 cash and paid half of the balance due on May1 purchase. The May 31 transaction will: Not yet answered Marked out of 1.00 P Flag question Select one a. Increase supplies by R.O.10,000 b. Decrease accounts payable by R.O.25.000 c Decrease cash by R.O 10.000 d. Increase supplies by RO35.000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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QUESTION 14 On May 1, Mazaya Company purchased supplies on account for R.O.25.000. On May 31, Mazaya Company purchased additional supplies for RO.10,000 cash and paid half of the balance due on May1 purchase. The May 31 transaction will: Not yet answered Marked out of 1.00 P Flag question Select one a. Increase supplies by R.O.10,000 b. Decrease accounts payable by R.O.25.000 c Decrease cash by R.O 10.000 d. Increase supplies by RO35.000
Transcribed Image Text:QUESTION 14 On May 1, Mazaya Company purchased supplies on account for R.O.25.000. On May 31, Mazaya Company purchased additional supplies for RO.10,000 cash and paid half of the balance due on May1 purchase. The May 31 transaction will: Not yet answered Marked out of 1.00 P Flag question Select one a. Increase supplies by R.O.10,000 b. Decrease accounts payable by R.O.25.000 c Decrease cash by R.O 10.000 d. Increase supplies by RO35.000
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