Homework Answers
Answers are below mentioned:
1) Salaries Payable - L, CR
2) Software - A, DR
3) Contract Revenue - R, CR
4) Deferred Revenue - A, DR
5) Subscription Receivable - A, DR
6) Prepaid Advertising - A, DR
7) Retained Earning - SE, CR
8) Accumulated Amortization - CA, CR
Let me know in case you find any issue.
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QUES CIUI 10 po Selected accounts appear below. For each account, indicate the following: Part a....
Selected accounts appear below. For each account, indicate the following: Part a. In the first column,...
Selected accounts appear below. For each account, indicate the following: Part a. In the first column, indicate the nature of each account using the following abbreviations: A for asset, L for liability, SE for stockholders' equity, R for revenue, E for expense, CA for contra asset, Cl. for contra liability. Part b. In the second column, indicate the normal balance using the following abbreviations: DR for debit and CR for credit (Parta) (Part b) Type of Normal Account Balance Income...
Selected accounts from the ledger of Garrison Company appear below. For each account, indicate the following:...
Selected accounts from the ledger of Garrison 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: Asset - A Revenue - R Expense - E Liability - L None of the above - N b. In the second column, indicate the increase side of each account by inserting "Dr." for Debit or "Cr." for Credit. Type of Account Increase Side Account (1)...
Accounts from Jake Stone Co. appear below. (a) In the first column at the right indicate...
Accounts from Jake Stone Co. appear below. (a) In the first column at the right indicate the nature of each account, using the following abbreviations: Asset - A Liability - L Owner's Equity - O Revenue - R Expense - E (b) In the second column indicate the increase side of each account by inserting Dr. or Cr. Type of Account Increase Side Account (1) Cash (2) Accounts Receivable (3) Fees Earned (4) Jake, Drawing (5) Wages Payable (6) Utilities...
For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders'...
For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders' equity account; (b) the normal balance of the account; (c) whether a debit will increase or decrease the account; and (d) whether a credit will increase or decrease the account. (a) (c) (d) (b) Normal Balance Basic Type Debit Effect Credit Effect 1. Accounts Payable Accounts Receivable Liability 2. Asset 3. Cash Asset < 4. Common Shares Shareholders' Equity V 5. Deferred Revenue Liability...
AP3 1A (Account types and normal balances) Required For each of the following accounts, identify what...
AP3 1A (Account types and normal balances) Required For each of the following accounts, identify what type of account it is and state what its normal balance would be. Use the following abbreviations for account type (A - Asset, L- Liability, SE - Shareholders' equity, R - Revenue, E- Expense, and DD - Dividends declared). If the account is a contra account, put a "C" in front of the abbreviation. 1. Accounts payable 2. Interest revenue 3. Unearned revenue 4....
As ames for Required: For each of the following accounts from Moonbilr's recent balance sheet, complete...
As ames for Required: For each of the following accounts from Moonbilr's recent balance sheet, complete the following table Indicate whether the account is classified as a current asset (CA), noncurrent asset (NCA), current liability (CL), noncurrent liability (NCL), or stockholders' equity (SE), and whether the account usually has a debit (dr) or credit (cr) balance. or Account Classification 1. Supplies 2 Income Tax Payable 3. Notes Payable (due in three years) 4. Equipment 5. Accounts Payable 6. Accounts Receivable...
please answer question 2 Problem Selected accounts from the ledger of Hughes Company appear below. For...
please answer question 2
Problem Selected accounts from the ledger of Hughes Company appear below. For each account, indicate the following: 1. In the first column at the right, indicate the nature of each account, using the following abbreviations: (a) Revenue R Asset A Liability - L Capital/Equity- C Expense - E In the second column, indicate the increase side of each account by inserting Dr. or (b) Cг. Туре оf Account Increase Side Account Supplies Notes Receivable Fees Earned...
For each of the following (1) identify the type of account as an asset, liability, equity,...
For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense: (2) identify the normal balance of the account; and (3) select debit (Dr) or credit (Cr.) to identify the kind of entry that would increase the account balance. Type of Account Normal Balance Increase (Dr. or Cr.) 48 Account a. Prepaid Insurance b. Accounts Receivable c. Dividends d. License Fee Revenue e. Uneamed Revenue 1. Fees Eamed 9. Equipment h Notes...
For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense; (2) identify the normal balance of the account;
For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense; (2) identify the normal balance of the account; and (3) select debit (Dr.) or credit (Cr.) to identify the kind of entry that would increase the account balance.
a normal BE2.3 (LO 1) K For each the following accounts, indicate (a) if the account...
a normal BE2.3 (LO 1) K For each the following accounts, indicate (a) if the account is an asset, liability, or own- er's equity account; and (b) whether the account would have a normal debit or credit balance. 1. Accounts Receivable 2. Rent Expense 3. B. Damji, Drawings 4. Supplies 5. Unearned Revenue 6. Service Revenue 7. Prepaid Insurance 8. Notes Payable
Selected accounts appear below. For each account, indicate the following: Part a. In the first column, indicate the nature of each account using the following abbreviations: A for asset, L for liability, SE for stockholders' equity, R for revenue, E for expense, CA for contra asset, Cl. for contra liability. Part b. In the second column, indicate the normal balance using the following abbreviations: DR for debit and CR for credit (Parta) (Part b) Type of Normal Account Balance Income...
Selected accounts from the ledger of Garrison 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: Asset - A Revenue - R Expense - E Liability - L None of the above - N b. In the second column, indicate the increase side of each account by inserting "Dr." for Debit or "Cr." for Credit. Type of Account Increase Side Account (1)...
Accounts from Jake Stone Co. appear below. (a) In the first column at the right indicate the nature of each account, using the following abbreviations: Asset - A Liability - L Owner's Equity - O Revenue - R Expense - E (b) In the second column indicate the increase side of each account by inserting Dr. or Cr. Type of Account Increase Side Account (1) Cash (2) Accounts Receivable (3) Fees Earned (4) Jake, Drawing (5) Wages Payable (6) Utilities...
For each of the following accounts, indicate (a) whether it is an asset, liability, or shareholders' equity account; (b) the normal balance of the account; (c) whether a debit will increase or decrease the account; and (d) whether a credit will increase or decrease the account. (a) (c) (d) (b) Normal Balance Basic Type Debit Effect Credit Effect 1. Accounts Payable Accounts Receivable Liability 2. Asset 3. Cash Asset < 4. Common Shares Shareholders' Equity V 5. Deferred Revenue Liability...
AP3 1A (Account types and normal balances) Required For each of the following accounts, identify what type of account it is and state what its normal balance would be. Use the following abbreviations for account type (A - Asset, L- Liability, SE - Shareholders' equity, R - Revenue, E- Expense, and DD - Dividends declared). If the account is a contra account, put a "C" in front of the abbreviation. 1. Accounts payable 2. Interest revenue 3. Unearned revenue 4....
As ames for Required: For each of the following accounts from Moonbilr's recent balance sheet, complete the following table Indicate whether the account is classified as a current asset (CA), noncurrent asset (NCA), current liability (CL), noncurrent liability (NCL), or stockholders' equity (SE), and whether the account usually has a debit (dr) or credit (cr) balance. or Account Classification 1. Supplies 2 Income Tax Payable 3. Notes Payable (due in three years) 4. Equipment 5. Accounts Payable 6. Accounts Receivable...
please answer question 2
Problem Selected accounts from the ledger of Hughes Company appear below. For each account, indicate the following: 1. In the first column at the right, indicate the nature of each account, using the following abbreviations: (a) Revenue R Asset A Liability - L Capital/Equity- C Expense - E In the second column, indicate the increase side of each account by inserting Dr. or (b) Cг. Туре оf Account Increase Side Account Supplies Notes Receivable Fees Earned...
For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense: (2) identify the normal balance of the account; and (3) select debit (Dr) or credit (Cr.) to identify the kind of entry that would increase the account balance. Type of Account Normal Balance Increase (Dr. or Cr.) 48 Account a. Prepaid Insurance b. Accounts Receivable c. Dividends d. License Fee Revenue e. Uneamed Revenue 1. Fees Eamed 9. Equipment h Notes...
a normal BE2.3 (LO 1) K For each the following accounts, indicate (a) if the account is an asset, liability, or own- er's equity account; and (b) whether the account would have a normal debit or credit balance. 1. Accounts Receivable 2. Rent Expense 3. B. Damji, Drawings 4. Supplies 5. Unearned Revenue 6. Service Revenue 7. Prepaid Insurance 8. Notes Payable
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