Ans:
| a. | Sales | Revenue (R) |
| b. | Delivery Expense | Expense(E) |
| c. | Supplies Expense | Expense (E) |
| d. | Utilities Expense | Expense (E) |
| e. | Commissions Earned | Revenue (R) |
| f | Dividend Revenue | Revenue (R) |
| g. | Furniture | Asset(A) |
| h. | Rent Revenue | Revenue (R) |
| i. | Operating Expense | Expense (E) |
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A chart of accounts is a list of all ledger accounts and an identification number for...
A chart of accounts is a list of all ledger accounts and an identification number for each. Identify the following accounts as either an asset (A), liability (L), equity (EQ), revenue (R) or expense (E) account a. Advertising Expense b. Rent Revenue Rent Receivable d Machinery e Accounts Payable Furniture Common Stock Utilities Expense
A chart of accounts is a list of all ledger accounts and an identification number for each. Identify the following accounts as either an asset (A), liability (L). equity (EQ). revenue (R). or expense (E) account a. Salaries Payable b Owner, Capital C. Interest Earned d. Utilities Expenses e Advertising Expenses Accounts Payable g Rent Revenue h Accounts Receivable i. Sales
A chart of accounts is a list of all ledger accounts and an identification number for each. Identify the following accounts as either an asset (A), liability (L), equity (EQ), revenue (R), or expense (E) account. a. Wages Payable b. Accounts Payable C. Accounts Receivable d. Advertising Expense e. Bills Payable f. Buildings g. Commissions Earned h. Common Stock i. Concessions Expense
QS 2-3 Reading a chart of accounts LO C3 A chart of accounts is a list of all ledger accounts and an identification number for each. Identify the following accounts as either an asset (A), liability (L), equity (EQ), revenue (R), or expense (E) account. a. Advertising Expense b. Bills Payable c. Buildings d. Commissions Earned ces e. Common Stock 1. Concessions Expense 9. Delivery Expense h. Equipment LFood Drink Expense
Identification of Accounts E6A. I. Indicate whether each of the following accounts is an asset (A), a liability (L), or a LO3 part of owner's equity (OF) a. Building b Salaries Payable e. Cash f. Accounts Payable g Equipment Accounts Receivable d. Owner's Capital 2. Indicate whether each account that follows would be shown on the income state ment (IS), the statement of owner's equity (OE), or the balance sheet (BS). a. Commissions Earned b. Automobile c Utilities Expense e....
Instructions Chart of Accounts Journal Instructions Х After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Pioneer Delivery Services Co.: Kerry Buckner, Capital $3,513,000 Kerry Buckner, Drawing 42,500 Fees Earned 1,324,000 Wages Expense 749,100 Rent Expense 68,800 Supplies Expense 14,600 Miscellaneous Expense 7,350 Required: Journalize the two entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account titles....
Classify each of the following accounts as an asset (A), liability (L), or equity (EQ) account. A a. Store Supplies b. Prepaid Rent C. Furniture d. Common Stock e. Loan EQ f. Unearned Revenue 9. Equipment h. Note Payable i. Office Supplies A
Concrete Consulting Co. has the following accounts in its ledger: Cash; Accounts Receivable; Supplies; Office Equipment; Accounts Payable; Jason Payne, Capital; Jason Payne, Drawing; Fees Earned; Rent Expense; Advertising Expense; Utilities Expense; Miscellaneous Expense. Transactions Oct. 1 3 6 10 15 27 30 31 31 31 Paid rent for the month, $2,300. Paid advertising expense, $700. Paid cash for supplies, $1,250. Purchased office equipment on account, $9,600. Received cash from customers on account, $17,000. Paid creditors on account, $3,180. Paid...
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The ledger accounts given below, with an identification number for each are used by Dalton Company instructions: Prepare appropriate adiusting entries for the veranded December 31, 2001, by replacing the appropriate identification numbers in the debit and credit columns provided and the dollar amount in the adjoining column. Item 0 is given as an example. 1. Notes Receivable 10. Unearned Service Revenue 2. Accounts Receivable 11. Notes Payable 3. Interest Receivable 12. Interest Revenue 4....
question 4 & 5
k Show Me How Calculator Instructions Chart of Accounts Journal T Accounts V E nstructions Jan. 1 2 3 Sharon Matthews transferred cash from a personal bank account to an account to be used for the business, $40,000 Paid rent on office and equipment for the month, $6,000. Purchased supplies on account, $3,200. Paid creditor on account, $1,750. Earned fees, receiving cash, $18,250. Paid automobile expenses (including rental charge) for month, $1,880, and miscellaneous expenses, 4...