Question

Accounts payable Accounts receivable Operating activities Wages expense Net income Cash 63. On January 1, Merry Walker established a catering service. Listed below are accounts through (1). cach Identified by a number. Following this list are the transactions that occu operations. You are to indicate for each transaction the accounts that should be debited cach transaction the accounts that should be debited and credited by placing the account number(s) in the appropriate box Service. Listed below are accounts to use for transactions (a) this list are the transactions that occurred in Walker's first month of Vio Cash Accounts Receivable Supplies Prepaid Insurance Equipment Truck Notes Payable Accounts Payable Merry Walker, Capital Merry Walker, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Truck Expense Miscellaneous Expense Insurance Expense 11. 12. 13. 14. 15. 16. 17. Account(s) Debited Account(s) Credited Transactions a. Recorded jobs completed on account and sent invoices to customers. b. Received an invoice for truck expenses to be paid in February c. Paid utilities expense d. Received cash from customers on account. c. Paid employee wages. f. Withdrew cash for personal use. 64. Selected transaction data of a business for September are summarized below. Determine the following amounts for September: (a) total revenue, (b) total expenses, (c) net income. Service sales charged to customers on account during September $33,000 Cash received from cash customers for services performed in September 28,000 Cash received from customers on account during September Services performed and charged to customers prior to September 13,000 Services performed and charged to customers during September 18.000

Answer 1

63)

	Account Debited	Accounts Credited
A	2. ( account receivable)	11. ( fees earned)
B	15 ( truck expense)	8. ( accounts payable)
C	14 ( utilities expens)	1 (cash)
D	1 ( Cash)	2. ( account receivable)
E	12 ( wages expense)	1. ( cash)
F	10 ( merry walker drawing)	1,( cash)