This topic contains a solution. Click here to go to the answer

Author Question: Below is a chart of accounts. Following is a series of transactions. Indicate for each transaction ... (Read 49 times)

robinn137

  • Hero Member
  • *****
  • Posts: 544
Below is a chart of accounts. Following is a series of transactions. Indicate for each transaction the accounts that should be debited and credited by inserting the proper account number in the space provided.

111 Cash312 R. Andrews, Withdrawals
112 Accounts Receivable411 Service Fees
121 Office Equipment511 Salaries Expense
211 Accounts Payable512 Rent Expense
311 R. Andrews, Capital513 Advertising Expense

DebitCreditTransaction
________  ________  1. Purchased office equipment on account.
________  ________  2. Paid salaries for the week.
________  ________  3. Invested additional cash in the business.
________  ________  4. Received cash for services performed.
________  ________  5. Billed a client on account for services performed.
________  ________  6. Paid accounts payable.
________  ________  7. Collected accounts receivable.
________  ________  8. Withdrew cash for personal use.
________  ________  9. Paid advertising expense.
________  ________  10. Paid rent expense for the month.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by robinn137 on Nov 10, 2019

hramirez205

  • Sr. Member
  • ****
  • Posts: 345
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 32% of students answer this correctly




robinn137

  • Member
  • Posts: 544
Reply 2 on: Nov 10, 2019
Great answer, keep it coming :)


upturnedfurball

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

For a complete list of videos, visit our video library