What account is debited to pay for water and garbage? What account is credited?

Question

Question

What account is debited to pay for water and garbage? What account is credited?

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Water and garbage expense can be debit to Utilities expense.

If cash is paid for utilities expense:

Utilities expense (Debit)

Cash (Credit)

If cash is not paid for utilities expense:

Utilities expense (Debit)

Utilities expense payable (Credit)

Add a comment

Answer 2

Similar Homework Help Questions

Select the account that will be Debited and the account that will be Credited for each...

Select the account that will be Debited and the account that will be Credited for each of the following transactions for Beta Computers: Transaction Dr Cr Owner invests cash into business one answer must be chosen Answer Cash Accounts ReceivablePrepaid InsuranceAccounts PayableCapital IntroducedService RevenueAdvertising ExpenseSalary ExpenseInterest Expense AnswerCashAccounts ReceivablePrepaid InsuranceAccounts PayableCapital IntroducedService RevenueAdvertising ExpenseSalary ExpenseInterest Expense Beta Computers performs a service on account one answer must be chosen AnswerCashAccounts ReceivablePrepaid InsuranceAccounts PayableCapital IntroducedService RevenueAdvertising ExpenseSalary ExpenseInterest Expense AnswerCashAccounts ReceivablePrepaid InsuranceAccounts...
QUESTION 14 Identify the account to be debited and the account to be credited for each...

QUESTION 14 Identify the account to be debited and the account to be credited for each of the following transactions: 1 Purchased equipment for cash and a note payable. 2. Accepted a cash deposit from a customer for a service to be provided next month. 3. Provided services on account. 4. Purchased supplies on account. 5. Received payment form the client in 3. 6. Provided services to customer in 2 and collected cash for the remaining work done. 7. Owner...
20. For each transaction, identify which account is debited and which account is credited. Use proper...

20. For each transaction, identify which account is debited and which account is credited. Use proper account titles (Cash, Accounts Receivable, etc.). Debit Credit Transaction Received a bill for utilities to be paid next month Performed services on account Paid employees' salaries Paid cash for a 6-month insurance policy, with coverage starting next month Paid dividends to stockholders Borrowed cash and signed a promissory note Used up warehouse supplies Received cash from a customer to pay on their account Received...

Consider these transactions. Write account titles and explanations, and whether they are debited or credited. (a)...

Consider these transactions. Write account titles and explanations, and whether they are debited or credited. (a) Spooky Co. accepted a Visa card in payment of a $150 lunch bill. The bank charges a 4% fee. What entry should Spooky make? (b) Candy Inc. sold its accounts receivable of $68,000. What entry should Candy make, given a service charge of 4% on the amount of receivables sold?
What are the two items that can be credited or debited to Retained Earnings?

What are the two items that can be credited or debited to Retained Earnings?
Under which of the following situations is Finished Goods Inventory debited and Work-in-Process Inventory account credited?...

Under which of the following situations is Finished Goods Inventory debited and Work-in-Process Inventory account credited? A.Purchase of goods on account B.Transfer goods out of the factory C.Transfer of material to Work-in-Process Inventory account D.Transfer of goods to the finished goods storeroom

Determine the account and amount to be debited and the account and amount to be credited...

Determine the account and amount to be debited and the account and amount to be credited for the following adjustment. Equipment purchased for $65.000 on January 3, 2019. has an estimated life of 6 years and an estimated salvage value of $3.800. The firm uses the straight-line method of depreciation. Determine the adjustment for the month ended January 31, 2019. View transaction list Journal entry worksheet 1 Record adjusting entry for depreciation. Note: Enter debits before credits General Journal Debit...
3. Name the accounts debited and credited for each of the following transactions. (a) Billing a...

3. Name the accounts debited and credited for each of the following transactions. (a) Billing a customer for work done. (b) Receipt of cash from customer on account. (c) Purchase of office supplies on account. (d) Purchase of 15 gallons of gasoline for the delivery truck.
For each transaction, indicate the account or accounts that should be debited and credited. Accounts 1....

For each transaction, indicate the account or accounts that should be debited and credited. Accounts 1. Cash 2. Accounts Receivables 3. Prepaid Insurance 4. Office Supplies 5. Automobiles 6. Land 7. Accounts Payable 8. Income Taxes Payable 9. Notes Payable 10. Capital Stock 11. Retained Earnings 12. Service Revenue 13. Wage and Salary Expense 14. Utilities Expense 15. Income Tax Expense Transactions Debited Credited Example: Purchased office supplies for cash 4 1 a. Issued capital stock for cash. __ __...

Paid $1,800 for six month insurance policy. When journalizing this transaction the account will be debited...

Paid $1,800 for six month insurance policy. When journalizing this transaction the account will be debited for $1,800 and the account will be credited for $1,800. Question 20 3 pts Purchased $9,800 of supplies on account. When journalizing this transaction the account will be debited for $9,800 and the account will be credited for $9,800. Question 21 3 pts Recorded $2,250 of fees earned on account. When journalizing this transaction the account will be debited for $2,250 and the account...

What account is debited to pay for water and garbage? What account is credited?

Homework Answers

Add Answer to:
What account is debited to pay for water and garbage? What account is credited?

Post as a guest

Earn Coins

Select the account that will be Debited and the account that will be Credited for each...

QUESTION 14 Identify the account to be debited and the account to be credited for each...

20. For each transaction, identify which account is debited and which account is credited. Use proper...

Consider these transactions. Write account titles and explanations, and whether they are debited or credited. (a)...

What are the two items that can be credited or debited to Retained Earnings?

Under which of the following situations is Finished Goods Inventory debited and Work-in-Process Inventory account credited?...

Determine the account and amount to be debited and the account and amount to be credited...

3. Name the accounts debited and credited for each of the following transactions. (a) Billing a...

For each transaction, indicate the account or accounts that should be debited and credited. Accounts 1....

Paid $1,800 for six month insurance policy. When journalizing this transaction the account will be debited...

What account is debited to pay for water and garbage? What account is credited?

Homework Answers

Add Answer to: What account is debited to pay for water and garbage? What account is credited?

Post as a guest

Earn Coins

Add Answer to:
What account is debited to pay for water and garbage? What account is credited?