a)
Provided service on account | |||
Account Name | Account Type | Increase/Decrease | Debit/Credit |
Account receivable | Assets | Increase | Debit |
Service revenue | Revenue | Increase | Credit |
Account Name | Account Type | increase/Decrease | Debit/Credit |
Building | Assets | Increase | Debit |
Notes payable | Liabilities | Increase | Credit |
Journal entry
Date | account and explanation | debit | Credit |
Nov 3 | Utilities expense | 7000 | |
Utilities payable | 7000 | ||
Nov 4 | Prepaid insurance | 9000 | |
Cash | 9000 | ||
Review the transactions and determine the accounts, the account types (use assets, liabilities, equity, dividends, revenue,...
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...
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...
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. Refer to the Chart of Accounts for account titles. Declared and paid cash dividend. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid for repairs to the company truck Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account...
the transactions and determine the accounts, the account types ssets, liabilities, common stock, dividends, revenue, and expenses), increase/decrease and if they are DR/CR. List accounts in order ould be in the journal entry. Paid for repairs to the company truck Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Prepaid for rent. . Account ACCA1
Activity 2.b - Record Transactions as Journal Entries Enter the following transactions as journal entries. Record debits first, then credits. Check your spelling carefully and do not abbreviate. Use account names exactly as they appear in the chart of accounts. Refer to the Chart of Accounts for account titles. Paid $6,000 cash on account. Date Accounts and Explanation Debit Credit Nov. 3 Accounts Payable Cash https://act.pearso Collected $6,000 cash for services rendered. Date Accounts and Explanation Debit Credit 4
HIN Activity 2.b - Analyze the Transactions 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. Refer to the Chart of Accounts for account titles. Accrued liability for utilities, Debit/Credit Incre/Decrease Account #1 Account Type Increase/Decrease Debit/Credit Account Type Account #2 Paid for a one year insurance policy Account #1...
Activity 2.2 - Analyze the Transactions Review the transactions and determine the accounts, the account types, if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. Paid for repairs to the company truck Increase/Decrease Debit/Credit Account Account Type Increase/Decrease Debit/Credit Account 2 Account Type Paid cash for salaries increase Decrease Deba/Credit Account Account Type EN
Activity 2.a - Analyze the Transactions Review the transactions and determine the accounts, the account types, if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. 2 Н Provided services on account Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Owner contribution of furniture in exchange for common stock Account 1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Pald for a one year insurance...
Activity 2.a - Analyze the Transactions Review the transactions and determine the accounts, the account types, if they increase/decrease and if they are DR/CR. List accounts in the order they would be in the journal entry. Purchased office supplies on account Account #1 Account Type Increase/Decrease Debit/Credit Common Stock Debit Account #2 Account Type Increase/Decrease Debit/Credit Accounts Receivable Received cash on account from a customer. Accounta Account Type Increase/Decrease Debit/Credit Account az Account Type increase/Decrease Debit/Credit Earned 590,000 by establishing...