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(1) O (3) O Increase asset Increase liability Increase equity Decrease asset Decrease liability O Decrease...
Score: 0 of 1 pt 11 of 11 (5 complete) HW Score: 45 EF1-26 (book/static) QL...
Score: 0 of 1 pt 11 of 11 (5 complete) HW Score: 45 EF1-26 (book/static) QL Indicate the effects of the following business transactions on the accounting equation of Vivian's Online Video store. Use the following accounts: Ca Receivable, Supplies, Office Furniture, Accounts Payable, Common Stock Dividends, Rental Revenue, and Rent Expense. Transaction (a) is answe (Click the icon to view the transactions.) a. Received cash of $10,000 from issuance of common stock. (Transaction (a) is answered as a guide.)...
Instruction 1. Identify the type of accounts (i.e., asset, liability, or equity), and its normal balanc...
Instruction 1. Identify the type of accounts (i.e., asset, liability, or equity), and its normal balanc 'A' for asset, 'L' for liability, or 'E' for equity D' for debit, or 'C' for credit Account Cash Type Asset Liability Asset Equity Equity Equity Equity Equity Liability Equity Asset Asset Asset Asset Asset Liability Liability Equity Equity Asset Asset Normal Balance Debit Example 1. Accounts Payable 2. Accounts Receivable 3. Common Stock 4. Room Sales Revenue 5. Rent Expense 6. Rent Revenue...
EF1-26 (book/static) Question Help Indicate the effects of the following business transactions on the accounting equation...
EF1-26 (book/static) Question Help Indicate the effects of the following business transactions on the accounting equation of Vivian's Online Video store. Use the following accounts: Cash Accounts Receivable Supplies, Office Furniture, Accounts Payable, Common Stock Dividends, Rental Revenue, and Rent Expense. Transaction (a) is answered as a guide. (Click the icon to view the transactions.) a. Received cash of $10,000 from issuance of common stock. (Transaction (a) is answered as a guide) a. Increase of (Cash) Increase equity (Common Stock)...
Match the account to the proper element: a. Asset (including Contra Accounts) b. Liability (including Contra...
Match the account to the proper element: a. Asset (including Contra Accounts) b. Liability (including Contra Accounts) c. Owners' Equity (Increase d. Owners' Equity (Decrease) Accrued Expenses Notes Payable Rent Expense Inventory Wages Payable Accumulated Depreciation Retained Earnings Land Accrued Revenue Accounts Payable Prepaid Expense Fees Earned Supplies Dividends Accounts Receivable Depreciation Unearned revenue Cash Common Stock
Classify each of the following accounts as an asset (A), liability (L), or equity (EQ) account....
Classify each of the following accounts as an asset (A), liability (L), or equity (EQ) account. A a. Store Supplies b. Prepaid Rent C. Furniture d. Common Stock e. Loan EQ f. Unearned Revenue 9. Equipment h. Note Payable i. Office Supplies A
State whether each of the following is an asset, liability, equity, revenue, or expense accountingpass.com Solved:...
State whether each of the following is an asset, liability,
equity, revenue, or expense
accountingpass.com Solved: Identifying debit and credit balancesRequiredindicat Question #1 Indicate from the drop down menu what type of account the item is. Accounts Receivable Retained Earnings Salary Expense Common Stock Rent Expense Supplies Expense Rent Revenue Dividends Accounts Payable 5 Supplies Cash Submit Question 0 of 5 Attempts Used!
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
Consider the following accounts and identify each account as an asset (A), liability (L), or equity...
Consider the following accounts and identify each account as an asset (A), liability (L), or equity (E). a. Notes Receivable А b. Nunez, Captial c. Prepaid Insurance d. Notes Payable e. Rent Revenue For each account, identify whether the changes would be recorded as a debit (DR) or credit (CR). a. Increase to Accounts Receivable b. Decrease to Unearned Revenue c. Decrease to Cash y d. Increase to Interest Expense e. Increase to Salaries Payable s
5. The following transactions occurred for Wilke Technology Solutions: 4(Click the icon to view the transactions.)...
5. The following transactions occurred for Wilke Technology Solutions: 4(Click the icon to view the transactions.) Read the requirement" (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) May 1: The business received cash of $105,000 and issued common stock to Zoe Wilke. Date Accounts and Explanation Debit Credit May 1 CE May 2: Purchased office supplies on account, $550. Date Accounts and Explanation Debit Credit May 2 (6) (10) May 4:...
8. The asset, liabilities, and equities of Davidson Design Studio have the following balances at December...
8. The asset, liabilities, and equities of Davidson Design Studio have the following balances at December 31, 2018. The retained eamings was $35,000 at the beginning of the year. At year end, common stock was $12,000 and dividends were $52,000. (Click the icon to view the account balances.) Prepare the income statement for Davidson Design Studio for the year ending December 31, 2018 (2) (3) Net Income 8: Data Table S Notes Payable Rent Expense Cash Office Supplies Salaries Expense...
Score: 0 of 1 pt 11 of 11 (5 complete) HW Score: 45 EF1-26 (book/static) QL Indicate the effects of the following business transactions on the accounting equation of Vivian's Online Video store. Use the following accounts: Ca Receivable, Supplies, Office Furniture, Accounts Payable, Common Stock Dividends, Rental Revenue, and Rent Expense. Transaction (a) is answe (Click the icon to view the transactions.) a. Received cash of $10,000 from issuance of common stock. (Transaction (a) is answered as a guide.)...
Instruction 1. Identify the type of accounts (i.e., asset, liability, or equity), and its normal balanc 'A' for asset, 'L' for liability, or 'E' for equity D' for debit, or 'C' for credit Account Cash Type Asset Liability Asset Equity Equity Equity Equity Equity Liability Equity Asset Asset Asset Asset Asset Liability Liability Equity Equity Asset Asset Normal Balance Debit Example 1. Accounts Payable 2. Accounts Receivable 3. Common Stock 4. Room Sales Revenue 5. Rent Expense 6. Rent Revenue...
EF1-26 (book/static) Question Help Indicate the effects of the following business transactions on the accounting equation of Vivian's Online Video store. Use the following accounts: Cash Accounts Receivable Supplies, Office Furniture, Accounts Payable, Common Stock Dividends, Rental Revenue, and Rent Expense. Transaction (a) is answered as a guide. (Click the icon to view the transactions.) a. Received cash of $10,000 from issuance of common stock. (Transaction (a) is answered as a guide) a. Increase of (Cash) Increase equity (Common Stock)...
Match the account to the proper element: a. Asset (including Contra Accounts) b. Liability (including Contra Accounts) c. Owners' Equity (Increase d. Owners' Equity (Decrease) Accrued Expenses Notes Payable Rent Expense Inventory Wages Payable Accumulated Depreciation Retained Earnings Land Accrued Revenue Accounts Payable Prepaid Expense Fees Earned Supplies Dividends Accounts Receivable Depreciation Unearned revenue Cash Common Stock
Classify each of the following accounts as an asset (A), liability (L), or equity (EQ) account. A a. Store Supplies b. Prepaid Rent C. Furniture d. Common Stock e. Loan EQ f. Unearned Revenue 9. Equipment h. Note Payable i. Office Supplies A
State whether each of the following is an asset, liability,
equity, revenue, or expense
accountingpass.com Solved: Identifying debit and credit balancesRequiredindicat Question #1 Indicate from the drop down menu what type of account the item is. Accounts Receivable Retained Earnings Salary Expense Common Stock Rent Expense Supplies Expense Rent Revenue Dividends Accounts Payable 5 Supplies Cash Submit Question 0 of 5 Attempts Used!
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
Consider the following accounts and identify each account as an asset (A), liability (L), or equity (E). a. Notes Receivable А b. Nunez, Captial c. Prepaid Insurance d. Notes Payable e. Rent Revenue For each account, identify whether the changes would be recorded as a debit (DR) or credit (CR). a. Increase to Accounts Receivable b. Decrease to Unearned Revenue c. Decrease to Cash y d. Increase to Interest Expense e. Increase to Salaries Payable s
5. The following transactions occurred for Wilke Technology Solutions: 4(Click the icon to view the transactions.) Read the requirement" (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) May 1: The business received cash of $105,000 and issued common stock to Zoe Wilke. Date Accounts and Explanation Debit Credit May 1 CE May 2: Purchased office supplies on account, $550. Date Accounts and Explanation Debit Credit May 2 (6) (10) May 4:...
8. The asset, liabilities, and equities of Davidson Design Studio have the following balances at December 31, 2018. The retained eamings was $35,000 at the beginning of the year. At year end, common stock was $12,000 and dividends were $52,000. (Click the icon to view the account balances.) Prepare the income statement for Davidson Design Studio for the year ending December 31, 2018 (2) (3) Net Income 8: Data Table S Notes Payable Rent Expense Cash Office Supplies Salaries Expense...
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