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Author Question: Below is a chart of accounts. Following is a series of transactions. Indicate for each transaction ... (Read 23 times)

robinn137

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on: Nov 10, 2019
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.
College Accounting: A Practical Approach ¦ Slater, Zwicker ¦ 12th Edition
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Marked as best answer by robinn137 on Nov 10, 2019

hramirez205

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Reply #1 on: Nov 10, 2019
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.
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robinn137

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Reply 2 on: Nov 10, 2019
Great answer, keep it coming :)

matt95

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Reply 3 on: Yesterday
Excellent

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