Ask Question
BusinessBusiness
19 March, 09:46

On April 30, 2015, Zono Electronics, Inc. made a payment of $3,500 to Imperial Distributors, a supplier. Choose the statement that best describes the recording of this financial transaction by Imperial Distributors.

+3
Answers (1)
  1. K
    19 March, 10:29
    0
    A) Debit cash, credit accounts receivable

    Explanation:

    As the statement said, Zoono electronics made a payment which means they are debiting cash amount of $3,500 to imperial distributor who is a supplier. So the best statement that best describes the recording of this financial transaction by imperial distributor is their account receivable has been credited and cash is debited. All the other options are wrong except this.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “On April 30, 2015, Zono Electronics, Inc. made a payment of $3,500 to Imperial Distributors, a supplier. Choose the statement that best ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Money serves as a unit of account when goods Group of answer choices have a value expressed in the same currency, thus allowing comparisons. have a value expressed in both a fiat money and a commodity money. cannot be assigned a value.
Answers (1)
g Ron and Dena own the only two profit maximizing sandwich shops in town. Both Ron and Dena are trying to decide whether or not they should advertise in the local newspaper. The following payoff matrix gives their profits under each possible outcome.
Answers (1)
Which is a tax-free savings account that can only used for educational expenses? O Federal grants TES Merit-based scholarships Merit-based scholarships A 529 plan
Answers (1)
Enrique was given an employment test that measured his desire to work hard and perform well at his job. This is an example of what type of employment test?
Answers (2)
Andrea purchased an auto insurance policy with bodily injury liability limits of 250/500 ($250,000/$500,000). She also purchased a personal umbrella policy with a $1 million limit and a $500 self-insured retention.
Answers (1)
New Questions in Business
Mustard Corporation (a C corporation) owns 15% of the stock of Burgundy Corporation (a C corporation), which pays an annual dividend to its shareholders. Mustard is considering the purchase of additional shares of Burgundy stock.
Answers (1)
Explain what is meant by the term, "promiscuous" pollinator. what characteristics evolved in plants to improve pollination efficiency by a "promiscuous" pollinator?
Answers (1)
Valuation Account At the end of 2013, its rst year of operations, Beattie Company reported taxable income of $38,000 and pretax nancial income of $34,400. The difference is due to the way the company handles its warranty costs.
Answers (1)
The united states has relatively large proven reserves of
Answers (1)
The monetary policy of Namdian is determined by the Namdian Central Bank. The local currency is the dia.
Answers (1)
Home » Business » On April 30, 2015, Zono Electronics, Inc. made a payment of $3,500 to Imperial Distributors, a supplier. Choose the statement that best describes the recording of this financial transaction by Imperial Distributors.
Sign In
Ask Question
Menu
Subjects