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

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

The journal entry to record further receipts of cash due on the allotment of shares will include which of the following line items? DR Allotment DR Share capital CR Allotment CR Cash

Transactions that a business doesn't record in any specialized journal are recorded in which of the following journals or day books? A. Cash payments journal B. Cash receipts journal C. Purchases return journal D. General journal

Which of the following accounts is credited within the journal entry to account for the receipt of an allowance for damaged merchandise?Multiple ChoiceCashAccounts PayablePurchasesPurchases Returns and Allowances