Homework Answers
7) Revenue Increase Credit
Interest receivable Increase Debit
8) Cash Increase Debit
Interest revenue Increase Credit
9) Cash Increase Debit
Interest revenue Increase Credit
10) Utility expense Increase Debit
Cash Decrease Credit
11) Building Increase Debit
Mortgage payable Increase Credit
12) Cash Increase Debit
Owner's investment Increase Credit
13) Cash Decrease Credit
Owner's withdrawal Increase Debit
Add Answer to:
answer these problem please
thank you!
Account DB CR 7. The Insurance Company accrued $2,500 in...
answer these problems please answer the account thank you 7. The Insurance Company accrued $2,500 in...
answer these problems please
answer the account
thank you
7. The Insurance Company accrued $2,500 in interest on an investment. Account Effect on Account Debit Credit Revenue increase decrease Interest Receivable increase decrease Account DB CR 8. The Insurance Company was paid $1,000 in interest on a bond payable. Account Effect on Account Debit/Credit Cash increase decrease Interest Revenue Account increase decrease DB CR 9. The Insurance Company was paid $2,500 in interest on an investment. Account Debit/Credit Effect on...
Answer these problems please thank you 14. The Insurance Company purchased some equipment for $4,000 in...
Answer these problems please
thank you
14. The Insurance Company purchased some equipment for $4,000 in stock, $5,000 in land, and $3,000 on credit. Account Effect on Account Debit Credit Equipment increase decrease Equity increase decrease Land increase decrease Accounts Payable increase decrease Account DB CR 15. The Insurance Company purchased $1,000 of liability insurance with cash for their vehicles. Account Effect on Account Debit/Credit Insurance Expense increase decrease Cash increase decrease Account DB CR Debit/Credit 16. The Insurance Company...
Solve these problem please i need a good explanation for these thank you! This exercise will...
Solve these problem please
i need a good explanation for these
thank you!
This exercise will continue the understanding of the accounting equation and double entry accounting that began in the prior chapter. In this chapter we will revisit the prior worksheet, but add a step. So here students must: 1. Identify what account(s) are affected by the transaction. 2. Identify if the affected accounts are increased or decreased by the transaction. 3. Determine if increasing (decreasing) the account is...
can somebody explain what goes on the account line, and whether or not i should debit...
can somebody explain what goes on the account line, and whether or not i should debit or credit the items. Thank you DB CR Account w Kereve 2, soo 2500 8. The Insurance Company was paid $1,000 in interest on a bond payable. Account Effect on Account Debit Credit Cash Increase decrease Interest Revenue increase decrease Account DB
Answer all of these thank you 8. A debit to wages expense can be balanced by...
Answer all of these thank you
8. A debit to wages expense can be balanced by a credit to what account. A. Wages Payable B. Fees Earned C. Fees Unearned D. Depreciation 9. A credit to prepaid insurance can be balanced by a debit to what account. A. Insurance Expense B. Notes Payable C. Revenue D. Unearned Revenue 10. A credit to rental revenue can be balanced by a debit to what account. A. Depreciation B. Rental Expense C. Accounts...
Secognize accrued interest on a note rece adjustin Sting entry is made on December 311 a...
Secognize accrued interest on a note rece adjustin Sting entry is made on December 311 a debit to Interest Receiv Revenue. a debit to Inferest Expense an c. a debit to Interest a debit to Inorest Payab note receivable, the following Interest Receivable and credit to interest Co Inzerest Expense and a Credit to cash. nerest Expense and a credit to Interest Payable. Co Inorest Payable and a credit to cash. 34. Investments increase owner's equity? a. increase increase owner's...
please answer all parts, will thumb up! Pige sofs To recognize accrued a debit to Intereste...
please answer all parts, will thumb up!
Pige sofs To recognize accrued a debit to Intereste Pevenue a debit to Interest Expen 48ting entered interest on note receivable, the toto ontry is made on December 31 Receivable and credit to Interest nerest Expanded to Cash a debit to Inserest Expense and a CT debit to Interest Payable *pense and a credit to Interest Payable. to Interest Payable and a credit to Cash vestments increase E DC Drawings has what effect...
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...
Review the transactions and determine the accounts, the account types (use assets; liabilities; owner, capital; owner,...
Review the transactions and determine the accounts, the account
types (use assets; liabilities; owner, capital; owner, withdrawals;
revenue; and expenses), if they increase/decrease and if they are
DR/CR. List accounts in order they would be in the journal
entry.
Review the transactions and determine the accounts, the account types (use assets; liabilities; owner, capital; owner, withdrawals 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...
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. Refer to the Chart of Accounts for account titles. Declared and paid cash dividend. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid for repairs to the company truck Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account...
answer these problems please
answer the account
thank you
7. The Insurance Company accrued $2,500 in interest on an investment. Account Effect on Account Debit Credit Revenue increase decrease Interest Receivable increase decrease Account DB CR 8. The Insurance Company was paid $1,000 in interest on a bond payable. Account Effect on Account Debit/Credit Cash increase decrease Interest Revenue Account increase decrease DB CR 9. The Insurance Company was paid $2,500 in interest on an investment. Account Debit/Credit Effect on...
Answer these problems please
thank you
14. The Insurance Company purchased some equipment for $4,000 in stock, $5,000 in land, and $3,000 on credit. Account Effect on Account Debit Credit Equipment increase decrease Equity increase decrease Land increase decrease Accounts Payable increase decrease Account DB CR 15. The Insurance Company purchased $1,000 of liability insurance with cash for their vehicles. Account Effect on Account Debit/Credit Insurance Expense increase decrease Cash increase decrease Account DB CR Debit/Credit 16. The Insurance Company...
Solve these problem please
i need a good explanation for these
thank you!
This exercise will continue the understanding of the accounting equation and double entry accounting that began in the prior chapter. In this chapter we will revisit the prior worksheet, but add a step. So here students must: 1. Identify what account(s) are affected by the transaction. 2. Identify if the affected accounts are increased or decreased by the transaction. 3. Determine if increasing (decreasing) the account is...
can somebody explain what goes on the account line, and whether or not i should debit or credit the items. Thank you DB CR Account w Kereve 2, soo 2500 8. The Insurance Company was paid $1,000 in interest on a bond payable. Account Effect on Account Debit Credit Cash Increase decrease Interest Revenue increase decrease Account DB
Answer all of these thank you
8. A debit to wages expense can be balanced by a credit to what account. A. Wages Payable B. Fees Earned C. Fees Unearned D. Depreciation 9. A credit to prepaid insurance can be balanced by a debit to what account. A. Insurance Expense B. Notes Payable C. Revenue D. Unearned Revenue 10. A credit to rental revenue can be balanced by a debit to what account. A. Depreciation B. Rental Expense C. Accounts...
Secognize accrued interest on a note rece adjustin Sting entry is made on December 311 a debit to Interest Receiv Revenue. a debit to Inferest Expense an c. a debit to Interest a debit to Inorest Payab note receivable, the following Interest Receivable and credit to interest Co Inzerest Expense and a Credit to cash. nerest Expense and a credit to Interest Payable. Co Inorest Payable and a credit to cash. 34. Investments increase owner's equity? a. increase increase owner's...
please answer all parts, will thumb up!
Pige sofs To recognize accrued a debit to Intereste Pevenue a debit to Interest Expen 48ting entered interest on note receivable, the toto ontry is made on December 31 Receivable and credit to Interest nerest Expanded to Cash a debit to Inserest Expense and a CT debit to Interest Payable *pense and a credit to Interest Payable. to Interest Payable and a credit to Cash vestments increase E DC Drawings has what effect...
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...
Review the transactions and determine the accounts, the account
types (use assets; liabilities; owner, capital; owner, withdrawals;
revenue; and expenses), if they increase/decrease and if they are
DR/CR. List accounts in order they would be in the journal
entry.
Review the transactions and determine the accounts, the account types (use assets; liabilities; owner, capital; owner, withdrawals 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...
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. Refer to the Chart of Accounts for account titles. Declared and paid cash dividend. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid for repairs to the company truck Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account...
Most questions answered within 3 hours.
-
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 45 minutes ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 1 hour ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 2 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 2 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 3 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 5 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 5 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 5 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 5 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 5 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 5 hours ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 5 hours ago