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Question #1 Indicate from the drop down menu which financial statement each of the following accounts would appear on. Equipment Rent Expense Cash Accounts Receivable Supplies Notes Payable Common Stock Accounts Payable Prepaid Rent Dividends Revenue Submit Question 0 of 5 Attempts Used MacBook Ai
Question #2 Indicate from the drop down menu whether each of the following accounts would have a debit or credit normal balance. Accounts Payable Common Stock Equipment Prepaid Rent Salary Expense Retained Earnings Supplies Revenue Notes Payable Cash Supplies Expense Rent Expense Accounts Receivable Submit Question 0 of 5 Attempts Used MacBook Air F10 ra
Question.#3 Conway Inc. purchases supplles on account for $4,700 A) How does this affect the following accounts? (Put the amount of the change in the blank Use a negato show a decrease. Leave the account blank if it is not affected Cash Supplies Equipment Accounts Recelvable Accounts Payable Notes Payable Common Stock Revenue Rent Expense B) What journail Entry needs to be made to record this transaction? Cr What effect does this entry have on the accounting equation? AssetsLiabilities + Equity Submit Question 0 of 5 Attempts Used MacBook Air
Question #4 Equote Company pays a supplier $4,700 that It owes on Accounts Payable from supplles purchased on a prevlous date. A) How does this affect the following accounts? Cash Put the amount of the change in the blank. Use a negative sign to show a decrease. Leave the account blank if it is not affected Supplies Equipment Receivable Accounts Payable Notes Payable Common Stock Revenue Rent Expense Dividends o) What journal Entry needs to be made to record this transaction? Cr C)What effect does this entry have on the accounting equation? Assets-Liabilities Equity Submit Question MacBook Air 1
Question:#5 Tagit Company performs services for $7,900 cash A) How does this affect the following accounts? (Put the amount of the change in the blank. Use a negative () sign to show a decrease, Leave the account blank if it is not affec Cash pts Supplies Equipment Recelvable Accounts Payable Notes Payable Common Stock Revenue Rent Expense Dividends mpts B) What Journal Entry needs to be made to record this transaction? empts CjWhat effect does this entry have on the accounting equation? Assets Liabilities +Equity B- Submit Question 0 of S Attempts Used MacBook Air
Question #6 ents Miro Corporation performs $7,400 of services and the client promises to pay next week. mpts A) How does this affect the following accounts? (Pur the amount of the change in the blank. Use a negative (-J sign to show a decrease. Leave the account blank if it is not affected Cash mpts Supplies Equipment Accounts Receivable mpts mpts Accounts Payablę Notes Payable Common Stock mpts mpts Revenue Rent Expense Dividends mpts B) What journal Entry needs to be made to record this transaction? empts Cr c)What effect does this entry have on the accounting equation? Assets-Liabilities+Equity Submit Question 0 of 5 Attempts Used MacBook A F12
Thur 1/24 ments, Question#8 Al Assignments Question #8 Smart Corporation plays $1,300 for rent expense 0,SA tempts A) How does this affect the following accounts? Put the amount of the change in the blank, Use a negative (-J sign to show a decrease. Leave the account blank if it is not afflected) Cash Supplies Equipment 0% 0/5Amempts 0% 0/SAmempts 0% 0,SAtempts 10% 10% 10% Accounts Payable Notes Payable Common Stock Revenue Rent Expense OSAmempts 0,5Amtmpts 0/5Attempts ) What yournal Entry needs to be made to recond this transaction? Cr c-what effect does this entry have on the MacBook Air delete
n 09 Question #9 Howe Inc. pays $1,900 of dlvidends to its owner Aj How does this affect the following accounts? (Put the amount of the change in the blank. Use a negative() sign to show a decrease. Leave the account bíank if it is not affected) Cash Supplies Equipment Accounts Payable Notes Payable Common Stock Revenue Rent Expense Dividends D) What journal Entry needs to be made to record this transaction? Dr Cr c)What effect does this entry have on the accounting equation? Assets-Liabilities +Equity MacBook Air 1
#10 Question #10 Ron starts Eagle Inc. by contributing $5,800 to the company in exchange for common stock What is the journal entry to record this transaction? Cr B)What effect does this entry have on the accounting equation? AssetsLiabilitiesEquity E- Submit Question 0 of 5 Attempts Used MacBook Air
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Answer #1
Question 1
Equipment Balance Sheet
Rent Expense Income Statement
Cash Balance Sheet
Accounts Receivable Balance Sheet
Supplies Balance Sheet
Notes Payable Balance Sheet
Common Stock Balance Sheet
Accounts Payable Balance Sheet
Prepaid Rent Balance Sheet
Dividends Statement of retained earnings
Revenue Income Statement
Question 2
Accounts Payable Credit
Common Stock Credit
Equipment Debit
Prepaid Rent Debit
Salary Expense Debit
Dividends Debit
Retained Earnings Credit
Supplies Debit
Revenue Credit
Notes Payable Credit
Cash Debit
Supplies Expense Debit
Rent Expense Debit
Accounts Receivable Debit
Question 3
A) Supplies 4700
Accounts Payable 4700
B) Dr Supplies 4700
            Cr             Accounts Payable 4700
C) Assets =Liabilities + Equity
4700 4700 + 0
Question 4
A) Cash -4700
Accounts Payable -4700
B) Dr Accounts Payable 4700
            Cr             Cash 4700
C) Assets =Liabilities + Equity
-4700 -4700 + 0
Question 5
A) Cash 7900
Revenue 7900
B) Dr Cash 7900
            Cr             Revenue 7900
C) Assets =Liabilities + Equity
7900 0 + 7900
Question 6
A) Accounts Receivable 7400
Revenue 7400
B) Dr Accounts Receivable 7400
            Cr             Revenue 7400
C) Assets =Liabilities + Equity
7400 0 + 7400
Question 8
A) Cash -1300
Rent Expense 1300
B) Dr Rent Expense 1300
            Cr             Cash 1300
C) Assets =Liabilities + Equity
-1300 0 + -1300
Question 9
A) Cash -1900
Dividends 1900
B) Dr Dividends 1900
            Cr             Cash 1900
C) Assets =Liabilities + Equity
-1900 0 + -1900
Question 10
A) Dr Cash 5800
            Cr             Common Stock 5800
B) Assets =Liabilities + Equity
5800 0 + 5800
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