collected cash for services | |||
account#1 | account type | increase/decrease | debit/credit |
cash | asset | increase | debit |
account#2 | account type | increase/decrease | debit/credit |
service revenue | revenue | increase | credit |
paid cash for rent | |||
account#1 | account type | increase/decrease | debit/credit |
rent | expense | decrease | debit |
account#2 | account type | increase/decrease | debit/credit |
cash | asset | decrease | credit |
paid cash for land | |||
account#1 | account type | increase/decrease | debit/credit |
land | asset | increase | debit |
account#2 | account type | increase/decrease | debit/credit |
cash | asset | decrease | credit |
accured liability for utilities | |||
account#1 | account type | increase/decrease | debit/credit |
utilities expense | expense | increase | debit |
account#2 | account type | increase/decrease | debit/credit |
accrued liabilities | liabilities | increase | credit |
Date | Account and explanation | Dr. | Cr. |
Nov.3 | Building | 9000 | |
To Notes payable | 9000 | ||
(being purchase of building with notes) | |||
Nov.4 | Cash | 6000 | |
To Bright's capital | 6000 | ||
(being cash paid by capital for capital) | |||
Nov.5 | Furniture | 6000 | |
To Bright's capital | 6000 | ||
(being furniture contributed by owner) | |||
Nov.5 | Office supplies | 9000 | |
To Accounts payable | 9000 | ||
(being purchase of office supplies on account) | |||
Nov.5 | Notes payable | 6000 | |
To Cash | 6000 | ||
(being repayment of notes payable) |
help pls case and if they are DR/CR. List accounts in order they would Collected cash...
i am so lost! help please ? Bright, the owner, contributed furniture in exchange for capital. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Bought a company truck by signing a note at the bank Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Received cash for services rendered to a client Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash for rent. Account #1 Account Type Increase/Decrease...
Purchased office supplies on account. Account Name Account Type Increase/Decrease Debit/Credit I Collected cash for future services. Account Name Account Type Increase/Decrease Debit/Credit sactions as journal entries. Record debits first, then credits. Collected $6,000 čash for future services. Date Accounts and Explanation Debit Credit Nov. 3 Owner contributed $8,000 in furniture in exchange for common stock. Date Accounts and Explanation Debit Credit Nov. 4
Purchased office supplies on account Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Bright, the owner, contributed furniture in exchange for capital. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Purchased office furniture on account Account Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Accrued liability for utilities. Account #1 Account Type Increase/Decrease Debit/Credit...
Purchased office furniture for $6,000 on account Date Accounts and Explanation Debit Credit Nov. 3 Bright, the owner, withdrew $6,000 cash. Date Accounts and Explanation Debit Credit Nov. 4 Paid $8,000 cash for land Date Accounts and Explanation Debit Credit Nov.5
Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. Purchased equipment on account Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash for salaries Account #1 Account Type Increase/Decrease Debit/Credit Paid cash for salaries Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit...
Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Received cash for services rendered to a client Received cash for services rendered to a client Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type...
ICO act.pearsoncmg.com/test-out/2 Your work will be saved as you work through each 2 PI ed civi nt Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. Collected cash for services Account 1 Increase/Decrease Debit/Credit cash Increase Debit lo Account #2 Account Type Increase/Decrease Debit/Credit service revenue revenue Increase Credit Purchased office...
help Paid $7,000 cash on account. Date Accounts and Explanation Debit Credit Nov. 3 Made a $6,000 payment on notes payable Date Accounts and Explanation Debit Credit Nov. 4 Paid $5,000 for a one year insurance policy Date Accounts and Explanation Debit Credit Nov. 5 Paid $7,000 for repairs to the company truck Accounts and Explanation Date Debit Credit Paid $5,000 for a one year insurance policy Accounts and Explanation Date Credit Debit Nov. 5 Paid $7,000 for repairs to...
Review the transactions and determine the accounts, the account types (use assets; liabilities; owner, capital; owner, withdrawals; revenue; and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. Review the transactions and determine the accounts, the account types (use assets; liabilities; owner, capital; owner, withdrawals revenue; and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. Collected cash...
Purchased equipment on account C Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Provided services on account Account Account Type Increase/Decrease Debit/Credit Account w2 Account Type Increase/Decrease Debit/Credit Collected cash for future services Increase/Decrease Account Type Debit/Credit Account Collected cash for future services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Prepaid for rent Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Bought a company truck for $9,000...