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

Author Question: A chart of accounts is below. Following is a series of transactions. Indicate for each transaction ... (Read 18 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
A chart of accounts is below. 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 C. Webster, Withdrawals
112 Accounts Receivable411 Delivery Fees Earned
121 Delivery Equipment511 Salaries Expense
211 Accounts Payable 512 Rent Expense
311 C. Webster, Capital513 Advertising Expense
514 Gas Expense

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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by RODY.ELKHALIL on Nov 10, 2019

af

  • Sr. Member
  • ****
  • Posts: 356
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 25% of students answer this correctly




RODY.ELKHALIL

  • Member
  • Posts: 591
Reply 2 on: Nov 10, 2019
YES! Correct, THANKS for helping me on my review


aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

For a complete list of videos, visit our video library