Which of the following accounts must be debited after a purchase on account with a vendor?

A. Equipment

B. Inventory

C. Accounts Receivable

D. All of the Above

Journal Entries are used for which of the following?

A. Cash Account

B. Inventory Account

C. Equipment Account

D. All of the Above

Which of the following is a type of Current Asset?

A. Accounts Receivable

B. Inventory

C. Prepaid Expenses

D. All of the Above

Which of the following is a category of Shareholder's Equity?

A. Shareholder's Capital

B. Accounts Receivable

C. Equipment