Homework Answers
Requirement a:
| Account Debited | Account Credited | |
| 1 | Cash | Common stock |
| 2 | Cash | Service revenue |
| 3 | Salaries expense | Cash |
| 4 | Supplies | Cash |
| 5 | Prepaid rent | Cash |
| 6 | Accounts receivable | Service revenue |
| 7 | Rent expense | Prepaid rent |
| 8 | Interest receivable | Interest revenue |
| 9 | Salaries expense | Salaries payable |
Requirement b:
| No | Assets | = | Liabilities | + | Equity | Revenue | - | Expenses | = | Net income | Statement of Cash flow | |
| 1 | + | NA | + | NA | NA | NA | + | OA | ||||
| 2 | - | NA | + | + | NA | + | + | OA | ||||
| 3 | - | NA | - | NA | + | - | - | OA | ||||
| 4 | +/- | NA | NA | NA | NA | NA | - | OA | ||||
| 5 | +/- | NA | NA | NA | NA | NA | - | OA | ||||
| 6 | +/- | NA | NA | NA | NA | NA | NA | NA | ||||
| 7 | - | NA | - | NA | + | - | NA | NA | ||||
| 8 | + | NA | + | + | NA | + | NA | NA | ||||
| 9 | NA | + | - | NA | + | - | NA | NA | ||||
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