npany A sells blankets. The following transactions occurred during March: Placed

Question

npany A sells blankets. The following transactions occurred during March: Placed an order on credit with the blanket supplier for 100 blankets at a price of $70 each. Hired a new employee. The employee will earn $80,000 per year plus benefits. Received the order placed on March 3. No payment is yet made to the supplier Sold 60 of the blankets purchased on March 3. The sale was on credit. Received half of the payment for the March 25 sale. 17 25 28 ewere five events in the month of March. How many of them do not require a journal entry to t one: a. One b. Two c Three d. Four

Explanation / Answer

THE RIGHT ANSWER OF THIS QUESTION IS OPTION B.

HIRING AN EMPLOYEE DOES NOT A TRANSACTION SO IT IS NOT REQUIRED TO PASS JOURNAL ENTRY OF THIS.

RECEVING ORDER DOES NOTRESULT IN A SALES AOR SALES REVENUE AND ACCOUNTS RECIEVABLE SO IT NOT REQUIRED TO PASS JOURNAL ENTRY OF THIS

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