Your business purchased office supplies of $2500 on account. the journal entry to record this transaction is as follows:
a. Office Supplies 2,500 Accounts Receivable 2500
b. Office Supplies 2500 Accounts Payable 2500
c. Accounts payable 2500 Office supplies 2500
d. Cash 2500 Accounts payable 2500
Ans: b. Office Supplies 2500 Accounts Payable 2500
Business
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The minimum right-to-cure period for residential property is 125 days.
a. true b. false
Business
Which of the following statements is true of the engaging attorney?
A) The basic purpose of attorneys is to advocate for their clients. B) Attorneys are generally unwilling to sacrifice the expert's reputation even at the cost of client. C) It is not possible to distinguish a bad attorney from a good one. D) Keeping the expert in the loop is a sign of a red flag that the attorney might be bad.
Business