Answer
“Barbara Mallary, Drawing” account is an “[contra] Owner’s Equity” account having a normal DEBIT balance.
Whenever the business man withdraws
cash from his own business, it gets accounted for as
“Drawings”.
Drawing accounts is a contra Owner’s Equity account which DECREASES
the total Owner’s Equity.
Hence,
Barbara Mallary, Drawings = ‘C’ Owner’s Equity having a normal
DEBIT balance.
9:087 115GE 1 Х HWweek1: Attempt 1 Question 11 2 Points Identify the following accounts of...
9:087 115GE 1 Х HWweek1: Attempt 1 Question 11 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit Barbara Mallary, Drawing A Asset B Liability Owner's Equity D Revenue Expense Debit Credit Question 12 2 Points Save and Close Submit Last saved 9:05:50 PM
9:09 115GE 1 Х HWweek1: Attempt 1 Question 3 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Wages Expense A Asset B Liability Owner's Equity 0 Revenue Expense Debit Credit Question 4 2 Points Save and Close Submit Last saved 9:05:50 PM
9:09 115GE 1 Х HWweek1: Attempt 1 Question 4 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Supplies Asset B Liability Owner's Equity D Revenue Expense Debit Credit Question 5 1 Point Save and Close Submit Last saved 9:05:50 PM
9:09 115GE 1 HWweek1: Attempt 1 Exercise Content Question 1 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit Accounts Receivable A Asset B Liability Owner's Equity D Revenue © Expense Debit Credit Question 2 1 Point Save and Close Submit Last saved 9:05:50 PM
9:08 .5GE Х HWweek1: Attempt 1 CTCOIL Question 9 2 points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit Accounts Payable A Asset B Liability Owner's Equity D Revenue 6 Expense Debit Credit Question 10 2 Points Save and Close Submit Last saved 9:05:50 PM
Question 13 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Fees Earned A Asset B) Liability C Owner's Equity D Revenue E Expense F Debit G Credit
Question 13 2 Points Identify the following accounts of Advanced Services Co. as asset, liability, owner's equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Fees Earned A Asset B) Liability C Owner's Equity D Revenue E Expense F Debit G Credit
Identify the following accounts of Advanced Services Co. as asset, liability, owner’s equity, revenue, or expense, and state in each case whether the normal balance is a debit or a credit. Wages Expense a) Assets b) liability c) Owner's equity d) Revenue e) Expense f) debit g) Credit
--/10 Question 6 View Policies Current Attempt in Progress Below are some items found in the financial statements of Petra Zizler. Orthodontist. Indicate (a) whether each of the above items is an asset, liability, or part of owner's equity: and (b) which financial statement-income statement statement of owner's equity, or balance sheet-it would be reported on. The first one has been done for you as an example (a) (b) 1 Accounts payable Liability Balance Sheet 2. Accounts receivable abili 3...
uestion 9 of 11 ew Policies urrent Attempt in Progress For each of the following accounts, indicate the effect of a debit or credit on the accoun normal balance. Debit Effect Credit Effect Normal a. Bonds Payable. Decrease Increase b. Unearned Service Revenue. c. Depreciation Expense. d. Common Stock e. Buildings. f. Rent Revenue. e Textbook and Media Save for Later Attempts: 0 of 3 used Subm cBook Air stion 9 of 11 < Policies ent Attempt in Progress reach...