Homework Answers
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| Answer S2-2 | |
| a. | Debit |
| b. | Debit |
| c. | Credit |
| d. | Debit |
| e. | Credit |
| f. | Credit |
| g. | Credit |
| h. | Debit |
| i. | Debit |
| j. | Credit |
| Answer S2-3 | |
| a. | Credit |
| b. | Debit |
| c. | Credit |
| d. | Debit |
| e. | Credit |
| f. | Credit |
| g. | Debit |
| h. | Debit |
| i. | Debit |
| j. | Credit |
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can you pls solve S2 exercise and S3 exercise
S2-2 Identifying increases and decreases in accounts...
I need some help with this accouting problem. S2-2 Identifying increases and decreases in accounts For...
I need some help with this accouting problem.
S2-2 Identifying increases and decreases in accounts For cach account, identify whether the changes would be recorded as a debit (DR) or credit (CR). f. Decrease to Prepaid Rent a. Increase to Accounts Receivable g. Increase to Common Stock b. Decrease to Unearned Revenue h. Increase to Notes Receivable c. Decrease to Cash i. Decrease to Accounts Payable d. Increase to Interest Expense j. Increase to Interest Revenue e. Increase to Salaries...
E2-12 Identifying accounts, increases in accounts, and normal balances
E2-12 Identifying accounts, increases in accounts, and normal balances a. Interest Revenue f. Unearned Revenue b. Accounts Payable g. Prepaid Rent c. Calhoun, Capital h. Utilities Expense d. Office Supplies i. Calhoun, Withdrawals e. Advertising Expense j. Service Revenue Requirements 1. Identify each account as asset (A), liability (L), or equity (E). 2. Identify whether the account is increased with a debit (DR) or credit (CR). 3. Identify whether the normal balance is a debit (DR) or credit (CR).
Exercise 2-4 Identifying type and normal balances of accounts LO C4 For each of the following...
Exercise 2-4 Identifying type and normal balances of accounts LO C4 For each of the following (1) identify the type of account as an asset, liability, equity. revenue, or expense: (2) identify the normal balance of the account; and (3) select debit (Dr) or credit (C) to identify the kind of entry that would increase the account balance Type of Account Asset Normal Balance Increase (Dr. or Cr.) Account a Land b. Cash c. Legal Expense d. Prepaid Insurance e...
Exercise 2-4 Identifying type and normal balances of accounts LO C4 For each of the following...
Exercise 2-4 Identifying type and normal balances of accounts LO C4 For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense (2) identify the normal balance of the account, and (3) select debit (Dr) or credit (Cr.) to identify the kind of entry that would increase the account balance. Type of Account Normal Balance Increase (Dr. or Cr.) Account a Land b. Cash c. Legal Expense d. Prepaid Insurance e. Accounts...
Increases and decreases in various types of accounts are listed below. In each case, indicate by...
Increases and decreases in various types of accounts are listed below. In each case, indicate by "Dr." or "Cr." (a) whether the change in the account would be recorded as a debit or a credit and (b) whether the normal balance of the account is a debit or a credit. (a) (b) Recorded As Normal Balance 1. Increase in Common Stock 2. Increase in Dividends 3. Decrease in Accounts Receivable 4. Increase in Note Payable 5. Increase in Accounts Payable...
Required Problem Solving Assignment - Chapter 2 Savod 1 Exercise 2-4 Identifying type and normal balances...
Required Problem Solving Assignment - Chapter 2 Savod 1 Exercise 2-4 Identifying type and normal balances of accounts LO C4 125 points For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense :) identify the normal balance of the account; and (3) select debit (Dr. ) or credit (Cr) to identify the kind of entry that would increase the account balance. Skipped Type of Account Normal Balance Increase (Dr. or Cr.)...
Problem 1/15 minutes): Increases and decreases in various types of accounts are listed below. In each...
Problem 1/15 minutes): Increases and decreases in various types of accounts are listed below. In each case, indicate by "Dr." or "Cr." (a) whether the change in the account would be recorded as a debit or a credit and (b) whether the normal balance of the account is a debit or a credit. Please answer Assignment 1 in your assignment workbook. Recorded As Normal Balance (2) (3) (5) (6) (7) (8) (9) (10) Increase in Dennis Demano, Capital Increase in...
Consider the following accounts and identify each account as an asset (A), liability (L), or equity...
Consider the following accounts and identify each account as an asset (A), liability (L), or equity (E). a. Notes Receivable А b. Nunez, Captial c. Prepaid Insurance d. Notes Payable e. Rent Revenue For each account, identify whether the changes would be recorded as a debit (DR) or credit (CR). a. Increase to Accounts Receivable b. Decrease to Unearned Revenue c. Decrease to Cash y d. Increase to Interest Expense e. Increase to Salaries Payable s
can you pls answes me all of these. > Short Exercises Learning Objective 1 S2-1 Identifying...
can you pls answes me all of these.
> Short Exercises Learning Objective 1 S2-1 Identifying accounts Consider the following accounts and identify each account as an asset (A), liability (L), or equity (E). a. Notes Receivable f. Taxes Payable b. Nunez, Capital g. Rent Expense c. Prepaid Insurance h. Furniture d. Notes Payable i. Nunez, Withdrawals e. Rent Revenue j. Unearned Revenue
pls solve this exercise S1-8 Identifying accounts Consider the following accounts: a. Accounts Payable f. Service...
pls solve this exercise
S1-8 Identifying accounts Consider the following accounts: a. Accounts Payable f. Service Revenue b. Cash g. Office Supplies c. Owner, Capital h. Owner, Withdrawals i. Land d. Accounts Receivable e. Rent Expense j. Salaries Expense Identify each account as Asset, Liability, or Equity.
I need some help with this accouting problem.
S2-2 Identifying increases and decreases in accounts For cach account, identify whether the changes would be recorded as a debit (DR) or credit (CR). f. Decrease to Prepaid Rent a. Increase to Accounts Receivable g. Increase to Common Stock b. Decrease to Unearned Revenue h. Increase to Notes Receivable c. Decrease to Cash i. Decrease to Accounts Payable d. Increase to Interest Expense j. Increase to Interest Revenue e. Increase to Salaries...
Exercise 2-4 Identifying type and normal balances of accounts LO C4 For each of the following (1) identify the type of account as an asset, liability, equity. revenue, or expense: (2) identify the normal balance of the account; and (3) select debit (Dr) or credit (C) to identify the kind of entry that would increase the account balance Type of Account Asset Normal Balance Increase (Dr. or Cr.) Account a Land b. Cash c. Legal Expense d. Prepaid Insurance e...
Exercise 2-4 Identifying type and normal balances of accounts LO C4 For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense (2) identify the normal balance of the account, and (3) select debit (Dr) or credit (Cr.) to identify the kind of entry that would increase the account balance. Type of Account Normal Balance Increase (Dr. or Cr.) Account a Land b. Cash c. Legal Expense d. Prepaid Insurance e. Accounts...
Increases and decreases in various types of accounts are listed below. In each case, indicate by "Dr." or "Cr." (a) whether the change in the account would be recorded as a debit or a credit and (b) whether the normal balance of the account is a debit or a credit. (a) (b) Recorded As Normal Balance 1. Increase in Common Stock 2. Increase in Dividends 3. Decrease in Accounts Receivable 4. Increase in Note Payable 5. Increase in Accounts Payable...
Required Problem Solving Assignment - Chapter 2 Savod 1 Exercise 2-4 Identifying type and normal balances of accounts LO C4 125 points For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense :) identify the normal balance of the account; and (3) select debit (Dr. ) or credit (Cr) to identify the kind of entry that would increase the account balance. Skipped Type of Account Normal Balance Increase (Dr. or Cr.)...
Problem 1/15 minutes): Increases and decreases in various types of accounts are listed below. In each case, indicate by "Dr." or "Cr." (a) whether the change in the account would be recorded as a debit or a credit and (b) whether the normal balance of the account is a debit or a credit. Please answer Assignment 1 in your assignment workbook. Recorded As Normal Balance (2) (3) (5) (6) (7) (8) (9) (10) Increase in Dennis Demano, Capital Increase in...
Consider the following accounts and identify each account as an asset (A), liability (L), or equity (E). a. Notes Receivable А b. Nunez, Captial c. Prepaid Insurance d. Notes Payable e. Rent Revenue For each account, identify whether the changes would be recorded as a debit (DR) or credit (CR). a. Increase to Accounts Receivable b. Decrease to Unearned Revenue c. Decrease to Cash y d. Increase to Interest Expense e. Increase to Salaries Payable s
can you pls answes me all of these.
> Short Exercises Learning Objective 1 S2-1 Identifying accounts Consider the following accounts and identify each account as an asset (A), liability (L), or equity (E). a. Notes Receivable f. Taxes Payable b. Nunez, Capital g. Rent Expense c. Prepaid Insurance h. Furniture d. Notes Payable i. Nunez, Withdrawals e. Rent Revenue j. Unearned Revenue
pls solve this exercise
S1-8 Identifying accounts Consider the following accounts: a. Accounts Payable f. Service Revenue b. Cash g. Office Supplies c. Owner, Capital h. Owner, Withdrawals i. Land d. Accounts Receivable e. Rent Expense j. Salaries Expense Identify each account as Asset, Liability, or Equity.
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