Q1.
Transaction | Debit or Credit |
Increase note receivable | DEBIT |
Decrease prepaid rent | CREDIT |
Increase delivery expenses | DEBIT |
Increase haircutting revenue | CREDIT |
Decrease utility payable | DEBIT |
Decrease prepaid parking | CREDIT |
Increase tax payable | CREDIT |
Decrease furniture | CREDIT |
Increase common stock | CREDIT |
increase office supplies | DEBIT |
Identify whether a debit or credit results in the indicated change for each of the following...
Identify whether a debit or credit results in the indicated change for each of the following accounts. Identify whether a debit or credit results in the indicated change for each of the following accounts. Credit a. To increase Cash b. To decrease Supplies c. To increase Janitorial Expense d. To increase Haircutting Revenue e. To decrease Taxes Payable f. To decrease Office Supplies g. To increase Unearned Subscriptions h. To decrease Land i. To increase Common Stock j. To increase...
Identify whether a debit or credit yields the indicated change for each of the following accounts. a. To increase Furniture b. To decrease Equipment c. To increase Supplies Expense d. To increase Haircutting Revenue e. To decrease Taxes Payable f. To decrease Office Equipment g. To increase Interest Payable h. To decrease Store Equipment . To increase Owner, Capital i To increase Trucks
Identify whether a debit or credit results in the indicated change for each of the following accounts. . a. To increase Prepaid Service Fees b. To decrease Cash c. To increase Salaries Expense d. To increase Rental Revenue e. To decrease Salaries Payable f. To decrease Supplies g. To increase Utilities Payable h. To decrease Office Supplies i. To increase Owner, Capital 1. To increase Store Supplies S
Identify whether a debit or credit results in the indicated change for each of the following accounts. Debit Debit a. To increase Supplies b. To decrease Store Supplies c. To increase Legal Expense d. To increase Consulting Revenue e. To decrease Salaries Payable f. To decrease Equipment g. To increase Interest Payable h. To decrease Buildings i. To increase Common Stock j. To increase Store Equipment Debit Credit
Indicate the financial statement on which each of the following items appears. Use / for Income statement, E for statement of retained earnings, and B for balance sheet. a. Supplies Furniture c. Warehouse d. Fuel Expense e. Haircutting Revenue f. Accounts Payable 9. Taxes Payable h. Unearned Store Sales i Consulting Revenue Salaries Payable k. Unearned Ticket Revenue I Dividends < Prev 37 of 63 !!! Next > MacBook Air
Identify whether a debitor credit results in the Indicated change for each of the following accounts Credit Debit Credit a. To increase Office Supplies b. To decrease Furniture To increase Janitorial Expense d. To increase Rental Revenue e. To decrease Wages Payable f. To decrease Office Equipment 9. To increase Cash h. To decrease Factory i. To increase Common Stock 1. To increase Trucks
pters 1 Saved Help Sas Indicate the financial statement on which each of the following items appears. Use for income statement, E for statement of owner's equity, and B for balance sheet. a. Store Equipment b. Store Supplies c. Supplies d. Supplies Expense e. Taxes Expense 1. Taxes Payable 9. Trucks h Unearned Revenue i. Unearned Subscriptions j. Uneamed Ticket Revenue k. Utilities Expense 1 Utilities Payable Mert
Indicate whether a debit or credit decreases the normal balance of each of the following accounts Decrease Normal Balance Unearned Revenue b. Unearned Store Sales c. Accounts Payable d. Taxes Payable e. Common Stock f. Buildings 9. Consulting Revenue h. Factory Service Fees Earned Haircutting Revenue Service Revenue 1. Interest Revenue 1 < Prev 34 of 63 !!! Next >
Identify the normal balance (debit or credit) for each of the following accounts. Normal Ending Balance a. Dividends b. Prepaid Rent c. Common Stock d. Prepaid Service Fees e. Utilities Payable f. Prepaid Parking g. Taxes Payable h. Supplies i. Interest Payable
S2-1 Identifying accounts Consider the following accounts and identify each account as an asset (A), liability (L). or equity (E). a. Notes Receivable f. Taxes Payable b. Common Stock g. Rent Expense c. Prepaid Insurance d. Notes Payable h. Furniture i. Dividends e. Rent Revenue j. Unearned Revenue