Homework Answers
Solution:
Purchased equipment on account
| Account 1 | Account Type | Increase/Decrease | Debit/credit |
| Equipment | Real | Increase | Debit |
| Account 2 | Account type | Increase / Decrease | Debit / Credit |
| Accounts payable | Personal account | Increase | Credit |
Provided service on account
| Account 1 | Account Type | Increase/Decrease | Debit/credit |
| Accounts receivable | Personal account | Increase | Debit |
| Account 2 | Account type | Increase / Decrease | Debit / Credit |
| services revenue | Nominal account | increase | Credit |
Collected cash for future services
| Account 1 | Account Type | Increase/Decrease | Debit/credit |
| cash | Real account | Increase | Debit |
| Account 2 | Account type | Increase / Decrease | Debit / Credit |
| unearned service revenue | Real account | Increase | Credit |
Prepaid for rent
| Account 1 | Account Type | Increase/Decrease | Debit/credit |
| prepaid rent | Real account | Increase | Debit |
| Account 2 | Account type | Increase / Decrease | Debit / Credit |
| cash | Real account | Decrease | Credit |
Bought a company truck for $9,000 by signing a note at the bank
| Date | Account titles and Explanation | Debit | Credit |
| Nov 3 | Truck a/c Dr | 9,000 | |
| To notes payable a/c | 9,000 |
collected 7,000 cash for services
| Date | Account titles and Explanation | Debit | Credit |
| Nov 4 | Cash a/c Dr | 7,000 | |
| To service revenue a/c | 7,000 |
paid $7,000 for repairs to the company truck
| Date | Account titles and Explanation | Debit | Credit |
| Nov 5 | Repairs and maintenance a/c Dr | 7,000 | |
| To cash a/c | 7,000 |
Add Answer to:
Purchased equipment on account C Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease...
Purchased office supplies on account Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease...
Purchased office supplies on account Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Bright, the owner, contributed furniture in exchange for capital. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Purchased office furniture on account Account Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Accrued liability for utilities. Account #1 Account Type Increase/Decrease Debit/Credit...
Purchased office supplies on account. Account Name Account Type Increase/Decrease Debit/Credit I Collected cash for future...
Purchased office supplies on account. Account Name Account Type Increase/Decrease Debit/Credit I Collected cash for future services. Account Name Account Type Increase/Decrease Debit/Credit sactions as journal entries. Record debits first, then credits. Collected $6,000 čash for future services. Date Accounts and Explanation Debit Credit Nov. 3 Owner contributed $8,000 in furniture in exchange for common stock. Date Accounts and Explanation Debit Credit Nov. 4
please fill in the blanks Paid for advertising in the local paper Account #1 Account Type...
please fill in the blanks
Paid for advertising in the local paper Account #1 Account Type Increase/Decrease Debit/Credit advertising expenses expenses Increase Debit Account #2 Account Type Increase/Decrease Debit/Credit cash assets Decrease Credit Paid for a one year insurance policy Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Collected cash for services Account #1 Account Type Increase/Decrease Debit/Creo Account #2 Account Type Increase/Decrease Debit/Credit Bought a...
ICO act.pearsoncmg.com/test-out/2 Your work will be saved as you work through each 2 PI ed civi...
ICO act.pearsoncmg.com/test-out/2 Your work will be saved as you work through each 2 PI ed civi nt 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 Increase/Decrease Debit/Credit cash Increase Debit lo Account #2 Account Type Increase/Decrease Debit/Credit service revenue revenue Increase Credit Purchased office...
i am so lost! help please ? Bright, the owner, contributed furniture in exchange for capital....
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am so lost! help please ?
Bright, the owner, contributed furniture in exchange for capital. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Bought a company truck by signing a note at the bank Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Received cash for services rendered to a client Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash for rent. Account #1 Account Type Increase/Decrease...
help Paid $7,000 cash on account. Date Accounts and Explanation Debit Credit Nov. 3 Made a...
help
Paid $7,000 cash on account. Date Accounts and Explanation Debit Credit Nov. 3 Made a $6,000 payment on notes payable Date Accounts and Explanation Debit Credit Nov. 4 Paid $5,000 for a one year insurance policy Date Accounts and Explanation Debit Credit Nov. 5 Paid $7,000 for repairs to the company truck Accounts and Explanation Date Debit Credit Paid $5,000 for a one year insurance policy Accounts and Explanation Date Credit Debit Nov. 5 Paid $7,000 for repairs to...
Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends,...
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,...
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...
Purchased office furniture on account Account #1 Account Type Increase/Decrease Debit/Credit Account 2 Account Type Increase/Decrease...
Purchased office furniture on account Account #1 Account Type Increase/Decrease Debit/Credit Account 2 Account Type Increase/Decrease Debit/Credit Purchased equipment on account Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Purchased office supplies on account Account 31 Account Type Utred Account #2 Account Type Increase/Decrease Debit/Credit Paid for a one year insurance policy Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Received cash for services rendered to a client Account #1 Account Type...
help pls case and if they are DR/CR. List accounts in order they would Collected cash...
help pls
case and if they are DR/CR. List accounts in order they would Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash for rent. Increase/Decrease Debit/Credit Account #1 Account Type Increase/Decrease Debit/Credit Account Type Account #2 Paid cash for land. Debit/Credit large Paid cash for land. Account 1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Accrued liability for utilities, Account #1 Account Type Increase/Decrease Debit/Credit Increase/Decrease Account...
Purchased office supplies on account Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Bright, the owner, contributed furniture in exchange for capital. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Purchased office furniture on account Account Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Accrued liability for utilities. Account #1 Account Type Increase/Decrease Debit/Credit...
Purchased office supplies on account. Account Name Account Type Increase/Decrease Debit/Credit I Collected cash for future services. Account Name Account Type Increase/Decrease Debit/Credit sactions as journal entries. Record debits first, then credits. Collected $6,000 čash for future services. Date Accounts and Explanation Debit Credit Nov. 3 Owner contributed $8,000 in furniture in exchange for common stock. Date Accounts and Explanation Debit Credit Nov. 4
please fill in the blanks
Paid for advertising in the local paper Account #1 Account Type Increase/Decrease Debit/Credit advertising expenses expenses Increase Debit Account #2 Account Type Increase/Decrease Debit/Credit cash assets Decrease Credit Paid for a one year insurance policy Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Collected cash for services Account #1 Account Type Increase/Decrease Debit/Creo Account #2 Account Type Increase/Decrease Debit/Credit Bought a...
ICO act.pearsoncmg.com/test-out/2 Your work will be saved as you work through each 2 PI ed civi nt 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 Increase/Decrease Debit/Credit cash Increase Debit lo Account #2 Account Type Increase/Decrease Debit/Credit service revenue revenue Increase Credit Purchased office...
i
am so lost! help please ?
Bright, the owner, contributed furniture in exchange for capital. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Bought a company truck by signing a note at the bank Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Received cash for services rendered to a client Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash for rent. Account #1 Account Type Increase/Decrease...
help
Paid $7,000 cash on account. Date Accounts and Explanation Debit Credit Nov. 3 Made a $6,000 payment on notes payable Date Accounts and Explanation Debit Credit Nov. 4 Paid $5,000 for a one year insurance policy Date Accounts and Explanation Debit Credit Nov. 5 Paid $7,000 for repairs to the company truck Accounts and Explanation Date Debit Credit Paid $5,000 for a one year insurance policy Accounts and Explanation Date Credit Debit Nov. 5 Paid $7,000 for repairs to...
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...
Purchased office furniture on account Account #1 Account Type Increase/Decrease Debit/Credit Account 2 Account Type Increase/Decrease Debit/Credit Purchased equipment on account Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Purchased office supplies on account Account 31 Account Type Utred Account #2 Account Type Increase/Decrease Debit/Credit Paid for a one year insurance policy Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Received cash for services rendered to a client Account #1 Account Type...
help pls
case and if they are DR/CR. List accounts in order they would Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash for rent. Increase/Decrease Debit/Credit Account #1 Account Type Increase/Decrease Debit/Credit Account Type Account #2 Paid cash for land. Debit/Credit large Paid cash for land. Account 1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Accrued liability for utilities, Account #1 Account Type Increase/Decrease Debit/Credit Increase/Decrease Account...
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