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 |
Question #1 Indicate from the drop down menu which financial statement each of the following accounts...
Question #1 ts Which of the following is an asset? npts Rent Expense Common Stock Accounts Payable Cash mpts empts tempts Submit Question 0 of 1 Attempts Used! ttempts Attempts Attempts 1 Attempts 1 Attempts 1 Attempts MacBook Ai Question #2 Which of the following represents earnings taken out by the owners? Supplies Expense Notes Payable Dividends Equipment Submit Question 0 of 1 Attempts Used! Question #3 Which of the following represents an amount owed by the company? Revenue Accounts...
Than Inc. had the following transactlons, Indicate how much the accounts are Increase (Put the amount of the change in the blank Use a negative(-J sign to show a decrease. Leaw A) The Company performs services for $7,500 cash. How does this affect the following accounts? Cash Supplies Equipment Accounts Receivable B) The Company perf services and the clien pay next week. How c the following account Cash ts ots Supplies Equipment Accounts Receivable pts pts Accounts Payable Notes Payable...
#1 Question #1 Chitron Company had the following transactions. Indicate how much the accounts are or decreased by each (Put the amount of the change in the blank Use a negative () sign to show a decrease A) The Company performs services for $9,000 cash. How does this affect the following accounts? Cash Supplies Equipment Accounts Receivable B) The Company performs $7,000 c services and the client promises o pay next week. How does this afiect the following accounts? Cash...
11:51 Question #1 Shoreside Inc. had the following transactions. Indicate how much the accounts are increased or decreased by each transaction. (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.) B) T A) The Company performs services sev for $10,500 cash. How does this affect pay the Cas the following accounts? Cash Supplies Equipment Accounts Receivable Accounts Payable Notes Payable Common Stock...
smail ibrahim Question #1 Mr. Hatfield starts Clay Corporation by contributing $2,000 cash and a truck worth $3,800 to the company in exchange for common stock. A) What is the İourna entry to record this transaction? Cr B)What effect does this entry have on the accounting equation? AssetsLiabilitiesEquity D- B- Submit Questi 0 of s Attempts Used MacBookA Question #2 Salo Inc. purchases $10,500 of equipment by paying cash. A) What is the journal entry to record this transaction? 5...
Indicate whether each of the following would be reported in the financial statements as a current asset (b) property, plant, and equipment, (c) currently, (d) revenue, or (e) expenses 1. True 2. Accumulated Depreciation 3. Telephone Expense 4. Fees Earned 5. Wages Payable 6. Prepaid surance 7. Office Suples 8. Oning Expense 9. Unearned lant Selected accounts from the ledger of Garrison Company appear below. For each account, indicate the following: (a) In the first column at the right, indicate...
Thurs 1/31 (ONE ATTEMPTED ONLY) 14 Question #14 CDM Companyhas the following account balances Cash Accounts Receivable Accounts Payable Supplies Revenue Supplies Expense What is net income for the period? 3,318 $2,450 $3,410 $1,500 $8,814 $2,700 Common Stock Rent Expense Dividends Retained Earnings Salary Expense $1,200 $2,700 $1,834 $2,254 $1,176 $2,238 $7,268 $3,318 $8,814 $2,658 Submit Question MacBook Ai Thurs 1/31 (ONE ATTEMPTED ONLY) Question #15 CCC Inc. has the following account balances. Cash Accounts Receivable Accounts Payable Supplies Revenue...
Example: The probability that a student owns a car is 0.65, and the probability that a student owns a computer is 0.82. If the probability that a student owns a car or a computer is 0.92, what is the probability that a given student owns both a car and a computer? 11:51 Question #1 Shoreside Inc. had the following transactions. Indicate how much the accounts are increased or decreased by each transaction. (Put the amount of the change in the...
Indicate whether each of the following would be reported in the financial statements as a (a) current asset, (b) property, plant, and equipment, (c) current liability, (d) revenue, or (e) expense: 1. Truck Current Asset 2. Accumulated Depreciation Property, Plant, and Equipment 3. Telephone Expense Expense 4. Fees Earned Revenue 5. Wages Payable Current Liability Current Asset 6. Prepaid Insurance 7. Office Supplies 8. Dining Expense Property, Plant, and Equipment Expense Current Liability 9. Unearned Rent Beachside Realty rents condominiums...
View Policies Current Attempt in Progress For each of the following accounts, indicate the effect of a debit or a credit on the account and the normal balance. Debit Effect Credit Effect Normal Balance Accounts Payable. a. b. < > < > < d. Advertising Expense. Service Revenue. Accounts Receivable. Retained Earnings. Dividends. < e. f. eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer View Policies Current Attempt in Progress For each of the following...