Homework Answers
| Purchased office furniture on account | |||
| Account #1 | Account Type | Increase/Decrease | Debit/Credit |
| Office Furniture | Asset Account | Increase | Debit |
| Account #2 | Account Type | Increase/Decrease | Debit/Credit |
| Accounts Payable | Liability Account | Increase | Credit |
| Purchased equipment on account | |||
| Account #1 | Account Type | Increase/Decrease | Debit/Credit |
| Equipment | Asset Account | Increase | Debit |
| Account #2 | Account Type | Increase/Decrease | Debit/Credit |
| Accounts Payable | Liability Account | Increase | Credit |
| Purchased office supplies on account | |||
| Account #1 | Account Type | Increase/Decrease | Debit/Credit |
| Office Supplies | Asset Account | Increase | Debit |
| Account #2 | Account Type | Increase/Decrease | Debit/Credit |
| Accounts Payable | Liability Account | Increase | Credit |
| Paid for a one year insurance policy | |||
| Account #1 | Account Type | Increase/Decrease | Debit/Credit |
| Prepaid Insurance | Asset Account | Increase | Debit |
| Account #2 | Account Type | Increase/Decrease | Debit/Credit |
| Cash | Asset Account | Decrease | Credit |
| Received cash for services rendered to a client | |||
| Account #1 | Account Type | Increase/Decrease | Debit/Credit |
| Cash | Asset Account | Increase | Debit |
| Account #2 | Account Type | Increase/Decrease | Debit/Credit |
| Service Revenue | Revenue Account | Increase | Credit |
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Purchased office furniture on account Account #1 Account Type Increase/Decrease Debit/Credit Account 2 Account Type Increase/Decrease...
Purchased office supplies on account Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease...
Purchased office supplies on account Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Bright, the owner, contributed furniture in exchange for capital. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Purchased office furniture on account Account Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Accrued liability for utilities. Account #1 Account Type Increase/Decrease Debit/Credit...
Purchased equipment on account C Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease...
Purchased equipment on account C Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Provided services on account Account Account Type Increase/Decrease Debit/Credit Account w2 Account Type Increase/Decrease Debit/Credit Collected cash for future services Increase/Decrease Account Type Debit/Credit Account Collected cash for future services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Prepaid for rent Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Bought a company truck for $9,000...
Purchased office supplies on account. Account Name Account Type Increase/Decrease Debit/Credit I Collected cash for future...
Purchased office supplies on account. Account Name Account Type Increase/Decrease Debit/Credit I Collected cash for future services. Account Name Account Type Increase/Decrease Debit/Credit sactions as journal entries. Record debits first, then credits. Collected $6,000 čash for future services. Date Accounts and Explanation Debit Credit Nov. 3 Owner contributed $8,000 in furniture in exchange for common stock. Date Accounts and Explanation Debit Credit Nov. 4
please fill in the blanks Paid for advertising in the local paper Account #1 Account Type...
please fill in the blanks
Paid for advertising in the local paper Account #1 Account Type Increase/Decrease Debit/Credit advertising expenses expenses Increase Debit Account #2 Account Type Increase/Decrease Debit/Credit cash assets Decrease Credit Paid for a one year insurance policy Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Collected cash for services Account #1 Account Type Increase/Decrease Debit/Creo Account #2 Account Type Increase/Decrease Debit/Credit Bought a...
Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends,...
Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Received cash for services rendered to a client Received cash for services rendered to a client Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type...
i am so lost! help please ? Bright, the owner, contributed furniture in exchange for capital....
i
am so lost! help please ?
Bright, the owner, contributed furniture in exchange for capital. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Bought a company truck by signing a note at the bank Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Received cash for services rendered to a client Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash for rent. Account #1 Account Type Increase/Decrease...
eneral Journal Entries (30 points) 2. Gen al journal entries to record these transactions. Larry Matt...
eneral Journal Entries (30 points) 2. Gen al journal entries to record these transactions. Larry Matt completed these during December of the current year: are general jou sactions during Dec Regan a financial services practice by investing $15,000 cash and office equipment having a $5,000 value. Purchased $1,200 of office equipment on credit Purchased $300 of office supplies on credit Completed work for a client and immediately received a payment of $900 cash Completed work for Precept Paper Co. on...
Paid for a one year insurance policy
Paid for a one year insurance policy Account #1Account TypeIncrease/DecreaseDebit/Credit Account #2Account TypeIncrease/DecreaseDebit/Credit Owner contribution of furniture in exchange for common stock Account #1Account TypeIncrease/DecreaseDebit/Credit Account #2Account TypeIncrease/DecreaseDebit/Credit Collected cash for servicesAccount #1Account TypeIncrease/DecreaseDebit/Credit Account #2Account TypeIncrease/DecreaseDebit/Credit Accrued liability for utilities.Account #1Account TypeIncrease/DecreaseDebit/Credit Account #2Account TypeIncrease/DecreaseDebit/Credit Purchased office furniture on accountAccount #1Account TypeIncrease/DecreaseDebit/Credit Account #2Account TypeIncrease/DecreaseDebit/Credit
HIN Activity 2.b - Analyze the Transactions Review the transactions and determine the accounts, the account...
HIN Activity 2.b - Analyze the Transactions Review the transactions and determine the accounts, the account types (use assets; liabilities: owner, capital; owner, withdrawals; revenue; and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. Refer to the Chart of Accounts for account titles. Accrued liability for utilities, Debit/Credit Incre/Decrease Account #1 Account Type Increase/Decrease Debit/Credit Account Type Account #2 Paid for a one year insurance policy Account #1...
Purchased office supplies on account Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Bright, the owner, contributed furniture in exchange for capital. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Purchased office furniture on account Account Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Accrued liability for utilities. Account #1 Account Type Increase/Decrease Debit/Credit...
Purchased equipment on account C Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Provided services on account Account Account Type Increase/Decrease Debit/Credit Account w2 Account Type Increase/Decrease Debit/Credit Collected cash for future services Increase/Decrease Account Type Debit/Credit Account Collected cash for future services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Prepaid for rent Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Bought a company truck for $9,000...
Purchased office supplies on account. Account Name Account Type Increase/Decrease Debit/Credit I Collected cash for future services. Account Name Account Type Increase/Decrease Debit/Credit sactions as journal entries. Record debits first, then credits. Collected $6,000 čash for future services. Date Accounts and Explanation Debit Credit Nov. 3 Owner contributed $8,000 in furniture in exchange for common stock. Date Accounts and Explanation Debit Credit Nov. 4
please fill in the blanks
Paid for advertising in the local paper Account #1 Account Type Increase/Decrease Debit/Credit advertising expenses expenses Increase Debit Account #2 Account Type Increase/Decrease Debit/Credit cash assets Decrease Credit Paid for a one year insurance policy Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Collected cash for services Account #1 Account Type Increase/Decrease Debit/Creo Account #2 Account Type Increase/Decrease Debit/Credit Bought a...
Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. Collected cash for services Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Received cash for services rendered to a client Received cash for services rendered to a client Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type...
i
am so lost! help please ?
Bright, the owner, contributed furniture in exchange for capital. Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Bought a company truck by signing a note at the bank Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Received cash for services rendered to a client Account #1 Account Type Increase/Decrease Debit/Credit Account #2 Account Type Increase/Decrease Debit/Credit Paid cash for rent. Account #1 Account Type Increase/Decrease...
eneral Journal Entries (30 points) 2. Gen al journal entries to record these transactions. Larry Matt completed these during December of the current year: are general jou sactions during Dec Regan a financial services practice by investing $15,000 cash and office equipment having a $5,000 value. Purchased $1,200 of office equipment on credit Purchased $300 of office supplies on credit Completed work for a client and immediately received a payment of $900 cash Completed work for Precept Paper Co. on...
HIN Activity 2.b - Analyze the Transactions Review the transactions and determine the accounts, the account types (use assets; liabilities: owner, capital; owner, withdrawals; revenue; and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry. Refer to the Chart of Accounts for account titles. Accrued liability for utilities, Debit/Credit Incre/Decrease Account #1 Account Type Increase/Decrease Debit/Credit Account Type Account #2 Paid for a one year insurance policy Account #1...
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