Question

Select the account that will be Debited and the account that will be Credited for each...

Select the account that will be Debited and the account that will be Credited for each of the following transactions for Beta Computers:

Transaction Dr Cr
Owner invests cash into business one answer must be chosen

Answer Cash Accounts ReceivablePrepaid InsuranceAccounts PayableCapital IntroducedService RevenueAdvertising ExpenseSalary ExpenseInterest Expense

AnswerCashAccounts ReceivablePrepaid InsuranceAccounts PayableCapital IntroducedService RevenueAdvertising ExpenseSalary ExpenseInterest Expense
Beta Computers performs a service on account one answer must be chosen

AnswerCashAccounts ReceivablePrepaid InsuranceAccounts PayableCapital IntroducedService RevenueAdvertising ExpenseSalary ExpenseInterest Expense

AnswerCashAccounts ReceivablePrepaid InsuranceAccounts PayableCapital IntroducedService RevenueAdvertising ExpenseSalary ExpenseInterest Expense
Beta receives a bill for advertising which it will pay in 30 days AnswerCashAccounts ReceivablePrepaid InsuranceAccounts PayableCapital IntroducedService RevenueAdvertising ExpenseSalary ExpenseInterest Expense AnswerCashAccounts ReceivablePrepaid InsuranceAccounts PayableCapital IntroducedService RevenueAdvertising ExpenseSalary ExpenseInterest Expense
Beta pays salaries

AnswerCashAccounts ReceivablePrepaid InsuranceAccounts PayableCapital IntroducedService RevenueAdvertising ExpenseSalary ExpenseInterest Expense

AnswerCashAccounts ReceivablePrepaid InsuranceAccounts PayableCapital IntroducedService RevenueAdvertising ExpenseSalary ExpenseInterest Expense

Beta receives cash

from a client for services provided in a previous period

AnswerCashAccounts ReceivablePrepaid InsuranceAccounts PayableCapital IntroducedService RevenueAdvertising ExpenseSalary ExpenseInterest Expense AnswerCashAccounts ReceivablePrepaid InsuranceAccounts PayableCapital IntroducedService RevenueAdvertising ExpenseSalary ExpenseInterest Expense
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Answer #1

Transaction Cr capital introduced Dr Owner invests cash into business Beta Computers performs a service on account Beta recei

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