Question

VICCJ CO. as asse, lability, owner's equity, credit: Type of Account Debit or Credit Item a. Accounts Payable b. Accounts Receivable C. Ashley Griffin, Capital d. Ashley Griffin, Drawing e. Cash Asset Liability Owner's equity f. Fees Earned Revenue Expense g. Office Equipment h. Rent Expense i. Supplies j. Wages Expense

Answer 1

a	Accounts payable	Liability
b	Accounts receivable	asset
c	Ashley Griffi capital	owner's equity
d	Ashley Griffin Drawings	owner's equity
e	Cash	asset
f	Fees Earned	revenue
g	Office equipment	asset
h	Rent expense	expense
i	Supplies	expense
j	Wages expense	expense
Date	Particulars	Debit	Credit
Oct-01	Rent expense	5900
	Cash		5900
Oct-03	Advertising expense	3740
	cash		3740
Oct-05	Supplies	1600
	Cash		1600
Oct-06	office equipment	24000
	Accounts payable		24000
Oct-10	Cash	8010
	Accounts receivable		8010
Oct-15	Accounts payable	2350
	Cash		2350
Oct-27	Miscellaneous expenses	1010
	Cash		1010
Oct-30	Utility expense	370
	cash		370
Oct-31	Accounts receivable	53400
	Fees earned		53400
Oct-31	Utility expense	640
	Cash		640
Oct-31	Jason Payne , Drawings	4100
	Cash		4100

1	Accounts receivable	52030
	Fees earned		52030
2	supplies	2240
	Accounts payable		2240
3	Cash	48910
	Accounts receivable		48910
4	accounts payable	1350
	cash		1350

Cash
3	48910	4	1350
Supplies
2	2240
Accounts receivable
1	52030	3	48910
Accounts payable
4	1350	2	2240
Fees earned
		1	52030