This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Below is a chart of accounts. Following is a series of transactions. Indicate for each transaction ... (Read 62 times)

robinn137

  • Hero Member
  • *****
  • Posts: 544
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
Buy Test-Bank


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
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.
Answer Preview
Only 32% of students answer this correctly


robinn137

  • Member
  • Posts: 544
Reply 2 on: Nov 10, 2019
Excellent

daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Foot reflexology chart indicates points on the foot that reflexively correspond to other areas of th Foot reflexology chart indicates points on the foot that reflexively correspond to other areas of th
Ochem molecule contrast chart Ochem molecule contrast chart
Lalla Essaydi, La Grande Odalisque, from the series Les Femmes du Maroc (The Women of Morocco). Lalla Essaydi, La Grande Odalisque, from the series Les Femmes du Maroc (The Women of Morocco).
Example of calculation of days in accounts receivable (AR). Example of calculation of days in accounts receivable (AR).
Anatomy Chart Anatomy Chart
Starter diagnosis chart. Starter diagnosis chart.
Video: Parkinson's Disease

For a complete list of videos, visit our video library