Homework Answers
| Accounts | Debit (or) Credit | |
| 1 | Notes Payabels | C |
| 2 | Mortagage Payables | C |
| 3 | Dividends | D |
| 4 | Accounts Receivables | D |
| 5 | Common Stock | C |
| 6 | Rent Revenue | C |
| 7 | Unearned Revenue | C |
| 8 | Utility Expenses | D |
| 9 | Automobiles | D |
Debit and Credit Rules .
- Assets , Expenses have the Debit balacec
- Liabilities and Revenues have the Credit Balance
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For the following, mark a "D" if the following account normally has a debit balance and...
Use the following Adjusted Trial Balance to determine the Total Current Liabilities: Account Debit Credit Accounts...
Use the following Adjusted Trial Balance to determine the Total Current Liabilities: Account Debit Credit Accounts Payable Accounts Receivable Accumulated Depreciation Building Cash Common Stock Dividends Interest Revenue Land Mortgage Payable Notes Payable Prepaid Expenses Salaries Expense Salaries Payable Service Revenue Unearned Revenue Wage Expense 120 Adjusted Trial Balance Total 1,830 1,830 Notes: Interest Revenue relates to a loan extended by our company to another company - Mortgage Payable will be repaid in five (5) years - Notes Payable will...
Account Type Asset Liability Equity Norma Balance Debit Credit 1. Cash 2. Accounts receivable 3. Supplies...
Account Type Asset Liability Equity Norma Balance Debit Credit 1. Cash 2. Accounts receivable 3. Supplies 4. Prepaid insurance 5. Equipment 6. Accounts payable 7. Deferred (Unearned) service revenue 8. Notes payable 9. Common stock 10. Consulting revenue 11. Salaries expense 12. lease expense
Credit Gain on Sale of an Asset Common Stock Retained Earnings Credit Credit Land Debit Notes...
Credit Gain on Sale of an Asset Common Stock Retained Earnings Credit Credit Land Debit Notes Payable Credit Fees Earned Credit Equipment Debit Sales Credit Accounts Receivable Debit Auto Expense Debit Rent Expense Debit Supplies Debit Cash Debit Accounts Payable Credit Service Revenue Credit Accumulated Depreciation-Equipment Credit Cash Dividends Debit Type here to search Paid in Capital in Excess of Par Credit Bonds Payable Credit Credit Unearned Revenue Salary Expense Debit Identify which financial statement each one of these accounts...
Indicate whether each of the following accounts has its balance increased with a debit or a...
Indicate whether each of the following accounts has its balance increased with a debit or a credit. Notes Payable Cash Common Stock Prepaid Insurance Dividends Land Service Revenue Choose.. Choose... Choose... * Choose... + debit + Choose...+ Choose... + Choose...+ Accounts Receivable Supplies Expense Choose... + Deferred (or Unearned) RevenueChoose....
Beachside Realty ADJUSTED TRIAL BALANCE December 31, 20Y2 ACCOUNT TITLE DEBIT CREDIT 1 Cash 1,500.00 2...
Beachside Realty ADJUSTED TRIAL BALANCE December 31, 20Y2 ACCOUNT TITLE DEBIT CREDIT 1 Cash 1,500.00 2 Accounts Receivable 2,000.00 3. Interest Receivable 100.00 4 Prepaid Insurance 1,600.00 5 Notes Receivable long-term) 2,800.00 6 Equipment 15,000.00 7. Accumulated Depreciation 3,000.00 8 Accounts Payable 2,400.00 9 Accrued Expenses Payable 3,920.00 10 Income Taxes Payable 2,700.00 11 Unearned Rent Fees 500.00 12 Common Stock 5,000.00 13 Retained Earnings 2,700.00 14 Dividends 2,000.00 15 Rent Fees Earned 37,000.00 16 Furniture Rental Revenue 1,200.00 17...
Account Title Balance Sheet or Income Statement account? (mark B/S or l/S) Asset, Liability, or Does...
Account Title Balance Sheet or Income Statement account? (mark B/S or l/S) Asset, Liability, or Does account increase Equity Account? on the Debit or the (A,L, or E) Credit? (mark DR or CR) Payroll Taxes Payable Premium on Bond Payable Sales Returns & Allowances Depreciation Expense Account Receivable Common Stock par Supplies Expense Dividends Payable Dividend Revenue Interest Expense Allowance for Doubtful Accounts Equity investments (trading) Franchise Brand Names Unearned Revenue Interest Revenue Gain from disposal of discontinued operation Accounts...
Fill out the table Mark X if it goes to balance sheet or income Statement Normal...
Fill out the table Mark X if it goes to balance sheet or income Statement Normal Bal Account Name Type Income statement Balance Sheet Debit/Credit Perm./Temp 1 Cash 2 Capital Stock 3 Mortgage Payable 4 Interest Receivable 5 Supplies 6 Account Payable 7 Short Term Investments 8 Repair Expense 9 Unearned Service Revenue 10 Equipment 11 Depreciation Expense 12 Interest Revenue 13 Salaries Expense 14 Retained Earnings 15 Accumulated Depreciation 16 Utilities Expense 17 Salaries Payable 18 Account Receivable 19...
1. Consider the following accounts and identify each account as an asset (A), liability (L), or...
1. Consider the following accounts and identify each account as an asset (A), liability (L), or equity (E). a. Notes Receivable b. Common Stock c. Prepaid Insurance d. Notes Payable e. Rent Revenue (1) (2) (3) (4) (5) f. Taxes Payable g. Rent Expense h. Furniture (6) (7) i. Dividends 1. Unearned Revenue (9) (10) (9) (10) (1) (2) (3) (4) (5) (6) (7) (8) ОАОА OAOA OAOA OAOA OLOL OLOL OE ОЕ oooo 2. For each account, identify whether...
Hilton Service Center Trial Balance March 31, 2018 Account Title Balance Debit Credit 22,700 4,700 $...
Hilton Service Center Trial Balance March 31, 2018 Account Title Balance Debit Credit 22,700 4,700 $ 2,600 Cash Accounts Receivable Office Supplies Land Accounts Payable Utilities Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Interest Expense Utilities Expense 11,700 17,000 1,600 1,900 400 21 200 21200 Print Done AL in More Info 2 Borrowed $46,000 from the bank and signed a note payable in the name of the business. 4 Paid cash of $50,000...
The Sky Blue Corporation has the following adjusted trial balance at December 31. Debit Credit Cash...
The Sky Blue Corporation has the following adjusted trial balance at December 31. Debit Credit Cash $ 1,270 Accounts Receivable 2,400 Prepaid Insurance 2,700 Notes Receivable (long-term) 3,400 Equipment 12,400 Accumulated Depreciation $ 3,000 Accounts Payable 5,620 Salaries and Wages Payable 1,100 Income Taxes Payable 3,300 Unearned Revenue 640 Common Stock 2,800 Retained Earnings 1,100 Dividends 340 Sales Revenue 44,030 Rent Revenue 340 Salaries and Wages Expense 22,000 Depreciation Expense 1,500 Utilities Expense 4,620 Insurance Expense 1,600 Rent Expense 6,400 Income...
Use the following Adjusted Trial Balance to determine the Total Current Liabilities: Account Debit Credit Accounts Payable Accounts Receivable Accumulated Depreciation Building Cash Common Stock Dividends Interest Revenue Land Mortgage Payable Notes Payable Prepaid Expenses Salaries Expense Salaries Payable Service Revenue Unearned Revenue Wage Expense 120 Adjusted Trial Balance Total 1,830 1,830 Notes: Interest Revenue relates to a loan extended by our company to another company - Mortgage Payable will be repaid in five (5) years - Notes Payable will...
Account Type Asset Liability Equity Norma Balance Debit Credit 1. Cash 2. Accounts receivable 3. Supplies 4. Prepaid insurance 5. Equipment 6. Accounts payable 7. Deferred (Unearned) service revenue 8. Notes payable 9. Common stock 10. Consulting revenue 11. Salaries expense 12. lease expense
Credit Gain on Sale of an Asset Common Stock Retained Earnings Credit Credit Land Debit Notes Payable Credit Fees Earned Credit Equipment Debit Sales Credit Accounts Receivable Debit Auto Expense Debit Rent Expense Debit Supplies Debit Cash Debit Accounts Payable Credit Service Revenue Credit Accumulated Depreciation-Equipment Credit Cash Dividends Debit Type here to search Paid in Capital in Excess of Par Credit Bonds Payable Credit Credit Unearned Revenue Salary Expense Debit Identify which financial statement each one of these accounts...
Indicate whether each of the following accounts has its balance increased with a debit or a credit. Notes Payable Cash Common Stock Prepaid Insurance Dividends Land Service Revenue Choose.. Choose... Choose... * Choose... + debit + Choose...+ Choose... + Choose...+ Accounts Receivable Supplies Expense Choose... + Deferred (or Unearned) RevenueChoose....
Beachside Realty ADJUSTED TRIAL BALANCE December 31, 20Y2 ACCOUNT TITLE DEBIT CREDIT 1 Cash 1,500.00 2 Accounts Receivable 2,000.00 3. Interest Receivable 100.00 4 Prepaid Insurance 1,600.00 5 Notes Receivable long-term) 2,800.00 6 Equipment 15,000.00 7. Accumulated Depreciation 3,000.00 8 Accounts Payable 2,400.00 9 Accrued Expenses Payable 3,920.00 10 Income Taxes Payable 2,700.00 11 Unearned Rent Fees 500.00 12 Common Stock 5,000.00 13 Retained Earnings 2,700.00 14 Dividends 2,000.00 15 Rent Fees Earned 37,000.00 16 Furniture Rental Revenue 1,200.00 17...
Account Title Balance Sheet or Income Statement account? (mark B/S or l/S) Asset, Liability, or Does account increase Equity Account? on the Debit or the (A,L, or E) Credit? (mark DR or CR) Payroll Taxes Payable Premium on Bond Payable Sales Returns & Allowances Depreciation Expense Account Receivable Common Stock par Supplies Expense Dividends Payable Dividend Revenue Interest Expense Allowance for Doubtful Accounts Equity investments (trading) Franchise Brand Names Unearned Revenue Interest Revenue Gain from disposal of discontinued operation Accounts...
1. Consider the following accounts and identify each account as an asset (A), liability (L), or equity (E). a. Notes Receivable b. Common Stock c. Prepaid Insurance d. Notes Payable e. Rent Revenue (1) (2) (3) (4) (5) f. Taxes Payable g. Rent Expense h. Furniture (6) (7) i. Dividends 1. Unearned Revenue (9) (10) (9) (10) (1) (2) (3) (4) (5) (6) (7) (8) ОАОА OAOA OAOA OAOA OLOL OLOL OE ОЕ oooo 2. For each account, identify whether...
Hilton Service Center Trial Balance March 31, 2018 Account Title Balance Debit Credit 22,700 4,700 $ 2,600 Cash Accounts Receivable Office Supplies Land Accounts Payable Utilities Payable Unearned Revenue Notes Payable Common Stock Dividends Service Revenue Salaries Expense Rent Expense Interest Expense Utilities Expense 11,700 17,000 1,600 1,900 400 21 200 21200 Print Done AL in More Info 2 Borrowed $46,000 from the bank and signed a note payable in the name of the business. 4 Paid cash of $50,000...
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