Multiple Choice
If a company purchases office supplies for $500 cash, how should the journal entry be recorded in terms of debits and credits?
25
views
2. Transaction Analysis
Journal Entries: Debits and Credits
Struggling with Financial Accounting?
Join thousands of students who trust us to help them ace their exams!Watch the first videoMultiple Choice
Which of the following Excel formulas entered in cell C5 will correctly divide the value in cell B5 by the value in cell A5?
A
=B5*A5
B
=A5-B5
C
=B5/A5
D
=A5/B5
Verified step by step guidance1
Step 1: Understand the problem. The goal is to find the correct Excel formula that divides the value in cell B5 by the value in cell A5.
Step 2: Recall the syntax for division in Excel. The division operator in Excel is the forward slash (/). To divide one cell's value by another, you use the formula structure: =Cell1/Cell2.
Step 3: Analyze the options provided. The formula =B5*A5 multiplies the values, =A5-B5 subtracts the values, =A5/B5 divides A5 by B5, and =B5/A5 divides B5 by A5.
Step 4: Identify the correct formula based on the problem's requirement. The problem specifies dividing the value in cell B5 by the value in cell A5, which matches the formula =B5/A5.
Step 5: Confirm the logic. Division in Excel follows the order of the formula, so =B5/A5 correctly divides the value in B5 by the value in A5.
2:35mWatch next
Master Journal Entries: Debits and Credits with a bite sized video explanation from Brian
Start learningRelated Videos
Related Practice
Journal Entries: Debits and Credits practice set
Problem sets built by lead tutorsExpert video explanations