Homework Answers
| Asset Accounts | Liability accounts | Equity accounts | |||||
| company truck | |||||||
| dividends | |||||||
| prepaid advertising | |||||||
| supplies expense | |||||||
| income tax payable | |||||||
| other revenue | |||||||
| supplies inventory | |||||||
| utility expense | |||||||
| professional fees earned | |||||||
| commissions earned | |||||||
| Common stock | |||||||
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in Drag and Drop Drag the accounts listed below to the correct section of the accounting...
Select each accounts listed below as being an asset, liability, or a equity account Supplies inventory...
Select each accounts listed below as being an asset, liability, or a equity account Supplies inventory select Owner, Capital Select Other revenue select Commissions earned select Professional fees earned select Income tax payable select select
Problem Match the letter corresponding to one of the basic elements of accounting to each of...
Problem Match the letter corresponding to one of the basic elements of accounting to each of the accounts below. 2 points each. A= Asset L = Liability OE = Equity R=Revenue E = Expense D=Dividends or Draw 21 Utility Expense 22 Accounts Payable 23 Prepaid Rent 24 Supplies 25 P. Wells, Drawing 26 Wages Expense 27 P. Wells, Capital 28 Cash 29 Advertising Expense 30. Fees Earned
Knowledge Check 01 Indicate how to increase each of the accounts listed below. Items Item #1...
Knowledge Check 01 Indicate how to increase each of the accounts listed below. Items Item #1 Common stock Professional Fees Earned Item #2 Item #3 Dividends Item #4 Salaries Expense Knowledge Check 01 Indicate how to increase each of the accounts listed below. Items Item #1 Common stock + Item #2 Professional Fees Earned Item #3 Dividends Item #4 Salaries Expense Credit Debit
the expanded accounting equation, activity 3.a - classify the accounts The Expanded Accounting Equation Activity 3.a...
the expanded accounting equation, activity 3.a - classify the
accounts
The Expanded Accounting Equation Activity 3.a - Classify the Accounts Classify which part of the expanded accounting equation each account title belongs to by dragging the account into the correct bucket. View drag and drop keyboard instructions Equipment Common Stock Dividends Insurance Expense Utilities Payable Service Revenue Building Rent Expense Utilities Expense Notes Payable Office Supplies Accounts Payable Delivery Expense Advertising Expense Supplies Expense Truck Cash Salaries Payable ASSETS LIABILITIES...
Drop area The following is a partial list of items that wluld appear on the various...
Drop area The following is a partial list of items that wluld appear on the various financial statements. Drag each item into the correct column to identify the financial statement. Balance Sheet Income Statement Statement of Retained Earnings drop item here drop item drop item here drop item here drop Item here drop item here drop item here drop item hore drop Item here drop Item here drop item here drop item here Statement of Cash Flows drop item here...
For each account listed, write the type of account (Asset, Liability, Equity, Revenue or Expense) and...
For each account listed, write the type of account (Asset, Liability, Equity, Revenue or Expense) and what statement it goes on (Income Statement, Statement of Retained Earnings or Balance Sheet) Account Name Account Type Statement Cash Accounts Payable Accounts Receivable Prepaid Insurance Unearned Revenue Rent Payable Rent Salaries Utilities Sales Fees Earned Common Stock Retained Earnings (Beginning Balance) Retained Earnings (Ending Balance) Inventory Supplies Supplies Expense Dividends Insurance Buildings
drag the account type to form the expanded accounting equa Drag the account types to form...
drag the account type to form the expanded accounting
equa
Drag the account types to form the expanded accounting equation. Begin the equity section with Contributed Capital + Retained Earnings. Then, identify whether the item increases, +', or decreases, -', equity. Beginning Retained Accounts Payable Accounts Receivable Revenues Expenses Cash Earnings Contributed Capital Dividends Declared Unearned Revenues Assets = Liabilities Drag card herd Drag card here Drag card here Drag card here Drag card here
Drag the account types to form the expanded accounting equation. Begin the equity section with Contributed...
Drag the account types to form the expanded accounting equation. Begin the equity section with Contributed Capital + Retained Earnings. Then, identify whether the item increases, '+', or decreases, equity. Common Stock Cash Dividends Accounts Receivable Accounts Payable Revenues Expenses Unearned Revenues Assets Liabilities Drag Card her Draard herd De card her Drag and her Drag card her Draard here
The An accounting form that is used to record the increases and decreases in each financial...
The An accounting form that is used to record the increases and decreases in each financial statement item.accounts in the A group of accounts for a business.ledger of Seaside Furniture Company as of August 20Y5 are listed in alphabetical order as follows. All accounts have The normal balance of an account can be either a debit or a credit depending on whether increases in the account are recorded as debits or credits.normal balances. The balance of the cash account has...
The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal...
The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. $564 Fees Earned $3,160 737 Insurance Expense 423 500 Rent expense 1,500 Accounts payable Accounts receivable Supplies Prepaid insurance Cash Office equipment Dividends 2,003 Land 2,438 759 1,783 1,800 Wages expense Retained earnings Common stock 5,500 614 5,033 Unearned rent 1,600 Total assets are Oa. $3,084 Ob. $5,033 Oc. $9,261 Od. $3,160
Select each accounts listed below as being an asset, liability, or a equity account Supplies inventory select Owner, Capital Select Other revenue select Commissions earned select Professional fees earned select Income tax payable select select
Problem Match the letter corresponding to one of the basic elements of accounting to each of the accounts below. 2 points each. A= Asset L = Liability OE = Equity R=Revenue E = Expense D=Dividends or Draw 21 Utility Expense 22 Accounts Payable 23 Prepaid Rent 24 Supplies 25 P. Wells, Drawing 26 Wages Expense 27 P. Wells, Capital 28 Cash 29 Advertising Expense 30. Fees Earned
Knowledge Check 01 Indicate how to increase each of the accounts listed below. Items Item #1 Common stock Professional Fees Earned Item #2 Item #3 Dividends Item #4 Salaries Expense Knowledge Check 01 Indicate how to increase each of the accounts listed below. Items Item #1 Common stock + Item #2 Professional Fees Earned Item #3 Dividends Item #4 Salaries Expense Credit Debit
the expanded accounting equation, activity 3.a - classify the
accounts
The Expanded Accounting Equation Activity 3.a - Classify the Accounts Classify which part of the expanded accounting equation each account title belongs to by dragging the account into the correct bucket. View drag and drop keyboard instructions Equipment Common Stock Dividends Insurance Expense Utilities Payable Service Revenue Building Rent Expense Utilities Expense Notes Payable Office Supplies Accounts Payable Delivery Expense Advertising Expense Supplies Expense Truck Cash Salaries Payable ASSETS LIABILITIES...
Drop area The following is a partial list of items that wluld appear on the various financial statements. Drag each item into the correct column to identify the financial statement. Balance Sheet Income Statement Statement of Retained Earnings drop item here drop item drop item here drop item here drop Item here drop item here drop item here drop item hore drop Item here drop Item here drop item here drop item here Statement of Cash Flows drop item here...
For each account listed, write the type of account (Asset, Liability, Equity, Revenue or Expense) and what statement it goes on (Income Statement, Statement of Retained Earnings or Balance Sheet) Account Name Account Type Statement Cash Accounts Payable Accounts Receivable Prepaid Insurance Unearned Revenue Rent Payable Rent Salaries Utilities Sales Fees Earned Common Stock Retained Earnings (Beginning Balance) Retained Earnings (Ending Balance) Inventory Supplies Supplies Expense Dividends Insurance Buildings
drag the account type to form the expanded accounting
equa
Drag the account types to form the expanded accounting equation. Begin the equity section with Contributed Capital + Retained Earnings. Then, identify whether the item increases, +', or decreases, -', equity. Beginning Retained Accounts Payable Accounts Receivable Revenues Expenses Cash Earnings Contributed Capital Dividends Declared Unearned Revenues Assets = Liabilities Drag card herd Drag card here Drag card here Drag card here Drag card here
Drag the account types to form the expanded accounting equation. Begin the equity section with Contributed Capital + Retained Earnings. Then, identify whether the item increases, '+', or decreases, equity. Common Stock Cash Dividends Accounts Receivable Accounts Payable Revenues Expenses Unearned Revenues Assets Liabilities Drag Card her Draard herd De card her Drag and her Drag card her Draard here
The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. $564 Fees Earned $3,160 737 Insurance Expense 423 500 Rent expense 1,500 Accounts payable Accounts receivable Supplies Prepaid insurance Cash Office equipment Dividends 2,003 Land 2,438 759 1,783 1,800 Wages expense Retained earnings Common stock 5,500 614 5,033 Unearned rent 1,600 Total assets are Oa. $3,084 Ob. $5,033 Oc. $9,261 Od. $3,160
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