Which of the following accounts would be increased with debit? 1 rent payable 2 owners capital...
Which of the following accounts would be increased with debit?
1 rent payable
2 owners capital
3 Service revenue
4 owner's drawing
Homework Answers
Answer is 4). Owner's drawings.
Owner's drawing account normally has debit balance and a future
debit transaction will result in increasing its balance.
Rent payable, Owner's Capital and Service revenue accounts all normally have a credit balance and a debit in these accounts will result in decreasing balance.
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Which of the following accounts would be increased with
debit?
1 rent payable
2 owners capital...
1 .Choose all the accounts below that would be INCREASED by a DEBIT entry to the...
1 .Choose all the accounts below that would be INCREASED by a DEBIT entry to the account. Group of answer choices Assets Dividends Capital Contributions Revenues Contra Assets Losses Expenses Liabilities Contra Revenues Retained Earnings Gains 2. Choose all the accounts below that would be DECREASED by a CREDIT entry to the account. Group of answer choices Retained Earnings Assets Equity Expenses Dividends Contra Assets Losses Liabilities 3. Choose all the accounts below that would be DECREASED by a DEBIT...
Select each statement either the word "debit" or "credit." 1. An asset account is increased with...
Select each statement either the word "debit" or "credit." 1. An asset account is increased with a the accoun 2. Owner's equity is increased with a 3. To place an amount on the left-hand side of the T account is to 4. The prepaid insurance account is increased by entering a 5. The drawing account is decreased by entering a 6. The accounts payable account is decreased with a 7. The owner's capital account is increased with a 8. The...
Your teacher wants to know which of the following accounts is increased with a debit? Dividends...
Your teacher wants to know which of the following accounts is increased with a debit? Dividends Service Revenue Interest Payable O Common Stock
MARTINEZ PEREZ, CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2017 Debit $29,500 56,400 Credit Cash Accounts Receivable...
MARTINEZ PEREZ, CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2017 Debit $29,500 56,400 Credit Cash Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Owner's Capital Service Revenue Rent Expense (13 months of rent) Salaries and Wages Expense Utilities Expenses Office Expense Totals $718 1,730 1,050 33,800 8,450 7,200 35,342 112,964 9,334 30,360 1,750 750 $164,674 $164,674 1. Fees received in advance from clients $6,010, which were recorded as revenue 2. Services performed for clients that...
11. Which of the following accounts has a normal debit balance? (2 PT) a Service revenue...
11. Which of the following accounts has a normal debit balance? (2 PT) a Service revenue b. Owner's Capital c. Unearned Fees d. Wages expense I
Which of the following statements is correct? O A. Unearned Revenue is increased with a debit...
Which of the following statements is correct? O A. Unearned Revenue is increased with a debit OB. Rent Expense is increased with a credit. O C. Accounts Payable is increased with a credit. OD. Prepaid Expenses are decreased with a debit.
Check my o Which of the following accounts is increased with a debit? 0:32:08 Multiple Choice...
Check my o Which of the following accounts is increased with a debit? 0:32:08 Multiple Choice Insurance expense Service revenue Accounts payable Common stock 10 of 20 ! Next > < Prev
For the accounts listed below, identify the type of account (asset, liability, owner’s capital, owner’s drawing,...
For the accounts listed below, identify the type of account (asset, liability, owner’s capital, owner’s drawing, revenue, or expense), the normal balance (debit or credit), and which financial statement you would find the account on (income statement, owner’s equity statement, or balance sheet). Type of Account Normal Balance Financial Statement A Cash B Accounts Payable C Rent Expense D Accumulated Depreciation E Interest Revenue F Notes Payable G Advertising Expense H Owner's Drawings I Equipment J Owner's Capital K Sales...
prepare an owners equity statement for the year. cullumber did not make any capital investments during...
prepare an owners equity statement for the year. cullumber did
not make any capital investments during the year
ESOURCES 13 Credit Debit $8,300 9,000 15,800 s by Study Cullumber Company Adjusted Trial Balance July 31, 2020 No. Account Titles 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Uneamed Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 726 Salaries and Wages Expense 732 Utilities Expense $7,700...
FLEREN PRINETH VERSION BLACK 1. Accounts payable $850 7. Rent expense 2. Accounts receivable 970 8....
FLEREN PRINETH VERSION BLACK 1. Accounts payable $850 7. Rent expense 2. Accounts receivable 970 8. 5. Pharoah, capital, Jan. 1 3. Cash 4,400 9. S. Pharoah, drawings 4. Consulting revenue 17,000 10. Salaries expense 5. Equipment 6,620 11. Utilities expense 6. Interest expense 780 $4,910 6,30 3,500 3,040 350 In each case, identify whether the item is an asset, liability, capital, drawings, revenue, or expense item and is identify which financial statement-income statement, statement of owner's equity, or balance...
Select each statement either the word "debit" or "credit." 1. An asset account is increased with a the accoun 2. Owner's equity is increased with a 3. To place an amount on the left-hand side of the T account is to 4. The prepaid insurance account is increased by entering a 5. The drawing account is decreased by entering a 6. The accounts payable account is decreased with a 7. The owner's capital account is increased with a 8. The...
Your teacher wants to know which of the following accounts is increased with a debit? Dividends Service Revenue Interest Payable O Common Stock
MARTINEZ PEREZ, CONSULTING ENGINEER TRIAL BALANCE DECEMBER 31, 2017 Debit $29,500 56,400 Credit Cash Accounts Receivable Allowance for Doubtful Accounts Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Owner's Capital Service Revenue Rent Expense (13 months of rent) Salaries and Wages Expense Utilities Expenses Office Expense Totals $718 1,730 1,050 33,800 8,450 7,200 35,342 112,964 9,334 30,360 1,750 750 $164,674 $164,674 1. Fees received in advance from clients $6,010, which were recorded as revenue 2. Services performed for clients that...
11. Which of the following accounts has a normal debit balance? (2 PT) a Service revenue b. Owner's Capital c. Unearned Fees d. Wages expense I
Which of the following statements is correct? O A. Unearned Revenue is increased with a debit OB. Rent Expense is increased with a credit. O C. Accounts Payable is increased with a credit. OD. Prepaid Expenses are decreased with a debit.
Check my o Which of the following accounts is increased with a debit? 0:32:08 Multiple Choice Insurance expense Service revenue Accounts payable Common stock 10 of 20 ! Next > < Prev
prepare an owners equity statement for the year. cullumber did
not make any capital investments during the year
ESOURCES 13 Credit Debit $8,300 9,000 15,800 s by Study Cullumber Company Adjusted Trial Balance July 31, 2020 No. Account Titles 101 Cash 112 Accounts Receivable 157 Equipment 158 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Uneamed Rent Revenue 301 Owner's Capital 306 Owner's Drawings 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 726 Salaries and Wages Expense 732 Utilities Expense $7,700...
FLEREN PRINETH VERSION BLACK 1. Accounts payable $850 7. Rent expense 2. Accounts receivable 970 8. 5. Pharoah, capital, Jan. 1 3. Cash 4,400 9. S. Pharoah, drawings 4. Consulting revenue 17,000 10. Salaries expense 5. Equipment 6,620 11. Utilities expense 6. Interest expense 780 $4,910 6,30 3,500 3,040 350 In each case, identify whether the item is an asset, liability, capital, drawings, revenue, or expense item and is identify which financial statement-income statement, statement of owner's equity, or balance...
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