acc 290 week 3 apply: connect® exercise review the knowledge check in preparation for this assignment. complete the week 3 exercise in connect®. note: you have only one attempt available to complete this assignment. grades must be transferred manually to ecampus by your instructor. don’t worry, this might happen after your due date. in which of the following transactions would utilities expense be debited: multiple choice the company received a bill for utilities to be paid the following month the company received and paid a bill for utilities the company paid a utility bill on account both a and b the journal entry to record the payment of the monthly rent would include: multiple choice a debit to rent expense and a credit to cash. a debit to capital and a credit to cash. a debit to rent expense and a credit to capital. a debit to rent expense and a credit to accounts receivable. the journal entry to record the withdrawal of cash by sue snow, the owner, to pay a personal utility bill would include: multiple choice a debit to sue snow, capital, and a credit to cash. a debit to utilities expense and a credit to cash. a debit to sue snow, capital and a credit to utilities expense. a debit to sue snow, drawing and a credit to cash. the journal entry to record a payment made in january for rent for the months of february and march would include: multiple choice a debit to rent expense, and a credit to sue snow, capital. a debit to prepaid rent and a credit to cash. a debit to rent expense and a credit to cash. a debit to sue snow, drawing and a credit to rent expense. agatha panthis landscape architect company earned $2,500 of revenue collecting $1,000 immediately and will collect the remaining amount in 30 days. the journal entry to record this transaction is: rev: 12_08_2017_qc_cs-111818 multiple choice debit fees income $2,500; credit accounts receivable $2,500 debit cash $1,000; credit fees income $1,000 debit cash $1,000; debit accounts receivable $1,500; credit fees income $2,500 debit fees income $2,500; credit cash $1,000; credit accounts receivable $1,500 the journal entry to record the payment of salaries for the month is: multiple choice debit salaries expense; credit cash debit cash; credit salaries expense debit salaries; credit accounts payable debit cash; credit salaries payable on june 1, xyz inc. paid $400 to its landlord for rent for the current month. the journal entry to record this transaction is: multiple choice prepaid rent $ 400 rent expense $ 400 ________________________________________ prepaid rent $ 400 cash $ 400 ________________________________________ rent expense $ 400 cash $ 400 ________________________________________ cash $ 400 rent expense $ 400 ________________________________________ abc co. performed $5,000 of consulting work. their customer paid them $3,500 right away and agreed to pay the balance in 30 days. select the correct journal entry from the options below to record the transaction: multiple choice a debit to cash for $3,500, a debit to accounts receivable for $1,500 and a credit to capital for $5,000. a debit to cash for $3,500 and a credit to fees income for $3,500. a debit to cash for $3,500; a debit to accounts receivable for $1,500 and a credit to fees income for $5,000. a debit to fees income for $5,000, a credit to cash for $3,500 and a credit to accounts receivable for $1,500. listed below in random order are the steps in the accounting cycle. (1) prepare the financial statements (2) post the journal entries to the ledger (3) record journal entries (4) prepare a trial balance what is the proper order of these steps? multiple choice (2), (3), (4), (1) (3), (2), (4), (1) (4), (3), (2), (1) (3), (2), (1), (4) bertrand inc. purchased some shop equipment for $4,500 in cash. by mistake, the journal entry debited the office equipment account rather than the shop equipment account. what correcting entry would be necessary? multiple choice debit shop equipment $4,500; credit office equipment $4,500 debit office equipment $4,500; credit shop equipment $4,500 debit cash $4,500; credit shop equipment $4,500 debit office equipment $4,500; credit cash $4,500