Question

Complete the following chart indicating if the account is increased with a debit or a credit....

  1. Complete the following chart indicating if the account is increased with a debit or a credit. (10 pts)

ACCOUNT

INCREASED WITH A:

Notes Receivable

Accounts Payable

Common Stock

Dividends

Sales Revenue

Interest Expense

Interest Revenue

Unearned Revenue

Retained Earnings

Inventory

Equipment
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Please show what type of account each belongs to ( for example Current Asset, Current Liability,...
Please show what type of account each belongs to ( for example Current Asset, Current Liability, Stockholders Equity, etc.) and if each is a credit or debit. Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Cash Common Stock Depreciation Expense - Equipment Dividends Equipment Interest Expense Interest Revenue Notes Payable Prepaid Rent Retained Earnings Service Revenue Unearned Revenue Wages Expense Wages Payable
Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for...
Journalize the entries to record the following selected transactions. Refer to the Chart of Accounts for exact wording of account titles. A. Sold $61,700 of merchandise on account, subject to a sales tax of 6%. The cost of the goods sold was $38,720. B. Paid $40,670 to the state sales tax department for taxes collected. CHART OF ACCOUNTS General Ledger ASSETS 110 Cash 120 Accounts Receivable 125 Notes Receivable 130 Inventory 131 Estimated Returns Inventory 140 Office Supplies 141 Store...
Rearrange the 'Chart of Accounts' in the following order A. Assets a. Current Assets b. Long...
Rearrange the 'Chart of Accounts' in the following order A. Assets a. Current Assets b. Long Term Assets B. Liabilities a. Current Liabilities b. Non Current Liabilities C. Equity a. Common Stock b. Retained Earning c. Dividends D. Revenue Lists below --- Accounts Payable Accounts Receivable Accumulated Depreciation – Construction Equipment Accumulated Depreciation – HQ Building Administrative Salary Expense Cash Common Stock Construction Equipment Cost of Goods Sold Depreciation Expense Dividends Dividends Payable Finished Goods Inventory HQ Building Income Summary...
Journalize the entries to record the following transactions for Mountain Realty Inc. Refer to the Chart...
Journalize the entries to record the following transactions for Mountain Realty Inc. Refer to the Chart of Accounts for exact wording of account titles. Aug. 26 Issued for cash 108,000 shares of no-par common stock (with a stated value of $5) at $9. Oct. 1 Issued at par value 43,000 shares of preferred 1% stock, $10 par for cash. Nov. 30 Issued for cash 15,000 shares of preferred 1% stock, $10 par at $12 . Chart of Accounts CHART OF...
The following is the adjusted trial balance of Wilson Trucking Company. Account Title Debit Credit Cash...
The following is the adjusted trial balance of Wilson Trucking Company. Account Title Debit Credit Cash $ 8,000 Accounts receivable 17,500 Office supplies 3,000 Trucks 172,000 Accumulated depreciation—Trucks $ 36,000 Land 85,000 Accounts payable 12,000 Interest payable 4,000 Long-term notes payable 53,000 Common stock 20,000 Retained earnings 155,000 Dividends 20,000 Trucking fees earned 130,000 Depreciation expense—Trucks 23,500 Salaries expense 61,000 Office supplies expense 8,000 Repairs expense—Trucks 12,000 Totals $ 410,000 $ 410,000    The Retained Earnings account balance is $155,000...
Identify each account listed as an Asset, a Contra-Asset, a Liability, an Equity, a Revenue, or...
Identify each account listed as an Asset, a Contra-Asset, a Liability, an Equity, a Revenue, or an Expense. Accounts Payable Accounts Receivable Accumulated Depreciation, Equipment Allowance for Doubtful Accounts Cash and Cash Equivalents Common Stock, no-par Cost of Goods Sold Depreciation Expense Dividends Equipment Income Tax Expense Insurance Expense Inventories Land Notes Payable Other Operating Expense Prepaid Insurance Retained Earnings Salary Expense Salary Payable Sales Revenue Unearned Revenue
Leskwat Stores has provided you the following list of accounts: Debit Credit Accounts receivable 672 Building...
Leskwat Stores has provided you the following list of accounts: Debit Credit Accounts receivable 672 Building and equipment 936 Cash 49 Interest receivable 46 Inventory 20 Land 162 Notes receivable (due in 2 years) 477 Prepaid rent 33 Supplies 10 Trademark 52 Accounts payable 709 Accumulated depreciation 62 Interest payable 470 Dividends payable 20 Common stock 17 Income tax payable 54 Notes payable (due in 6 months) 804 Retained earnings 292 Deferred revenue 29 TOTALS 2,457 2,457 Assume that interest...
Miller Company ADJUSTED TRIAL BALANCE December 31, 20-- ACCOUNT TITLE DEBIT CREDIT 1 Cash 8,130.00 2...
Miller Company ADJUSTED TRIAL BALANCE December 31, 20-- ACCOUNT TITLE DEBIT CREDIT 1 Cash 8,130.00 2 Accounts Receivable 3,300.00 3 Prepaid Expenses 2,750.00 4 Equipment 10,400.00 5 Accumulated Depreciation 2,200.00 6 Accounts Payable 2,700.00 7 Notes Payable 1,000.00 8 Common Stock 9,200.00 9 Retained Earnings 2,000.00 10 Dividends 4,870.00 11 Fees Earned 36,600.00 12 Wages Expense 12,450.00 13 Rent Expense 4,900.00 14 Utilities Expense 3,475.00 15 Depreciation Expense 2,150.00 16 Miscellaneous Expense 1,275.00 17 Totals 53,700.00 53,700.00 Required: Prepare closing...
Post Closing Entries ABC Corporation Adjusted Trial Balance December 31, 2016 Debit Credit Cash $          834,544...
Post Closing Entries ABC Corporation Adjusted Trial Balance December 31, 2016 Debit Credit Cash $          834,544 Accounts Receivable              442,120 Allowance for doubtful accounts               75,000 Inventory                70,000 Allowance to Reduce Inventory to NRV               16,000 Prepaid Insurance                  4,500 Land                88,000 Building                37,500 Accumulated depreciation: building                 1,265 Equipment                21,600 Accumulated depreciation: equipment                 9,900 Patent                45,000 Accounts Payable               88,851 Interest Payable               35,000 Income taxes payable               37,221 Wages payable                 4,000...
A company has the following adjusted trial​ balance: Account Debit Credit Cash $ 900$900 Accounts Receivable...
A company has the following adjusted trial​ balance: Account Debit Credit Cash $ 900$900 Accounts Receivable 1 comma 2001,200 Inventory 2 comma 1002,100 Supplies 1 comma 7001,700 Prepaid Rent 700700 Land 5 comma 8005,800 Building 39 comma 30039,300 Accumulated Depreciationlong dash—Building $ 9 comma 000$9,000 Accounts Payable 7 comma 7007,700 Unearned Revenue 3 comma 9003,900 Notes​ Payable, due 2020 2 comma 4002,400 Common Stock 6 comma 8006,800 Retained Earnings 3 comma 5003,500 Dividends 1 comma 0001,000 Service Revenue 31 comma...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT