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How does record in bookkeeping

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Reference no: EM132742625

Problem 1: What is the gross payroll accrued through 5/31?

A. $8,303.69                     C. $11,072.65

B. $8,688.64                         D. $33,991.5712

Problem 2: Amy has offered to convert an accounts payable obligation to a Note. How does she record this in her Bookkeeping?

A. Debit cash; Credit Accounts payable

B. Debit Accounts payable; Credit revenue

C. Debit accounts payable; Credit notes payable

D. Debit notes payable; Credit accounts payable

Reference no: EM132742625

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