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Author Question: A chart of accounts is below. Following is a series of transactions. Indicate for each transaction ... (Read 56 times)

RODY.ELKHALIL

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

af

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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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RODY.ELKHALIL

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

Kedrick2014

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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