Exercises 1. The selected accounts below also appear in your Workbook. R. Smart, Capital 150 3...

Question

Question

Answer 1

Answer #1

Answer is attached as a picture

Bank 250 AIR CH. Derrie) 25 175 150 70 35 190 48 512 1210 360 29 Bale 105 A/P (P. Holkal R. Smart Capital 150 30 45 3,140 I 4

B.

Debit balance in H. Devrie account means that we have to receive from him (he is owed to us) a total amount of 105

C.

Credit balance in P. Helka account means that we have to pay him (we owe to him) a total amount of 215

Answer 2

Similar Homework Help Questions

please answer both questions Problem 1. Selected accounts from the ledger of Hughes Company appear below....

please answer both questions Problem 1. Selected accounts from the ledger of Hughes Company appear below. For each account, indicate the following: (a) In the first column at the right, indicate the nature of each account, using the following abbreviations: Revenue - R Asset - A Liability - L Expense - E Capital/Equity- In the second column, indicate the increase side of each account by inserting Dr. or Cr. (b) Increase Side Type of Account Account Supplies (2) Notes Receivable...
I got stuck on these two steps, can someone help me ? ACCOUNTING CYCLE STEP 3:...

I got stuck on these two steps, can someone help me ? ACCOUNTING CYCLE STEP 3: Post each trans me general ledger working papers provideo teach transaction in the general journal to the general ledger. Use s provided in your packet. Posting is the process of transferring general journal entry information to the seneral ledger. Fach number you post should be properly Cross-referenced Helpful Hints by: recording the general journal page number (ex. G1, G2, etc.) in the Posting Reference...