An accountant volunteers 20 hours of her services to a charity for no charge.  She would normally charge a client $150 per hour.  Assuming the charity chooses to record this economic event, what is the journal entry?  Ignore GST.Question 4Answera.DR Operating expense $3,000; and CR Revenue $3,000b.DR Operating expense $3,000; and CR Accounts payable $3,000c.DR Retained surplus $3,000; and CR Revenue $3,000d.DR Accounts receivable $3,000; and CR Revenue $3,000

A customer receives a discount for prompt payment.  The customer had bought goods for $782 including GST.  The prompt payment discount is $23 including GST.  What is the correct journal entry to record this transaction?Question 8Answera.DR Bank $759; DR Sales Revenue $20; DR GST Clearing $3; and CR Accounts Receivable $782b.DR Bank $759; DR Sales Revenue $23; CR GST Clearing $3; and CR Accounts Receivable $779c.DR Bank $782; CR Discount Allowed $20; CR GST Clearing $3; and CR Accounts Receivable $759d.DR Bank $759; DR Discount Allowed $20; DR GST Clearing $3; and CR Accounts Receivable $782

Upon paying a supplier for services rendered, which one of the following journal entries could be recorded to conceal this expenditure from investors and lenders?Question 1Answera.DR Expense; DR GST Clearing; and CR Bankb.DR Asset; DR GST Clearing; and CR Bankc.DR Accounts Payable and CR Bankd.DR Retained Earnings; DR GST Clearing; and CR Bank

If a customer purchases $5,000 of inventory and pays with the company's own retail card, what will the journal entry include?Select answer from the options belowcredit to accounts payable of $5,000debit to accounts receivable of $5,000debit to sales of $5,000debit to cash of $5,000

Ref-1: A major installation project was started for a customer on 1$ August, 2022. The project would take twelve months to complete. The customer paid $60,000 for the entire project upfront to Profast Limited on 1S August, 2022, and this amount was initially recorded as a 'Revenue received in advance' liability. What is the required adjusting journal entry to ensure the appropriate revenue for this project as at the 2023 June 30thfinancial year end has been accounted for?

Which journal entry(s) reflects the following transaction?:BOC received $10,000 of cash from a customer who took delivery of goods that originally cost BOC $8,000 to acquire.1 pointDr.   Cash          10,000    Cr.  Inventory         10,000Dr. Cash                       10,000    Cr.  Revenue                    10,000Dr.  Cost of Goods Sold   8,000   Cr.  Inventory                     8,000 Dr.   Cash   10,000    Cr.  Inventory      8,000    Cr.  Revenue       2,000Dr. Cash                       10,000    Cr.  Revenue                    10,000Dr.  Accounts Payable   8,000   Cr.  Inventory                     8,000 Dr.   Cash          10,000    Cr.  Revenue         10,000