The journal entry to record the July 9 transaction will include a credit of $1,200 to?

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7/1 bills are sent to clients for services provided in june in the amount of $800
7/8 banks loans the company $2500, company will pay back the amount in August
7/9 office supply delivers furniture and office supplies leaving an invoice of $1220
7/15 payment is made to office supply for furniture & supplies delivered on 7/9
7/23 a $430 bill for electricity for the month of june is recieved and will be paid on its due date in august
7/31 salaries are paid to employees in the amount of $850

A. Furiture and Supplies. C. Accounts Payable.
B. Cash. D. Administrative Expenses.

What is the total amount of expenses that should appear on July's income statement?
A. $430 C. $1,280
B. $850 D. $1,440

Assuming a beginning cash balance of $4,300, what is the balance in the Cash account at July 31?
A. $300 C. $4,730
B. $1,010 D. $5,5.30
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