For each of the following accounts, indicate whether we use a debit or a credit to decrease

Question:

For each of the following accounts, indicate whether we use a debit or a credit to decrease the balance of the account.

a. Cash.

b. Salaries Payable.

c. Utilities Expense.

d. Service Revenue.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

See More Books

Question Posted: Jul 15, 2014 03:26 AM

See More Questions

Indicate where each of the following accounts would be reported in the financial statements for the year ended December 31, 2016: 1. _________ Prepaid Rent 2. _________ Unearned Revenue 3. _________...
You require capital for purchase of fixed assets. What is this capital called? A Floating capital B C D Reserve capital Circulating capital Fixed capital
For each of the following service departments, identify an activity base that could be used for charging the expense to the profit center. (a) Central Purchasing (b) Legal (c) Accounts Receivable (d)...
Through the use of strategic alternatives, companies may compete in a marketplace, achieve its vision, or if no vision has been articulated, decide where it might go and what it might achieve....
What are some of the harmful environmental effects associated with the fishing industry? With aquaculture?
a. What is the relationship between the price of a bond and its YTM? b. Explain why some bonds sell at a premium over par value while other bonds sell at a discount. What do you know about the...
According to SFAS 131, what type of segment information must companies provide in interim financial statements? LO3
The Pfeiffer Company manages approximately $15 million for clients. For each client, Pfeiffer chooses a mix of three investment vehicles: a growth stock fund, an income fund, and a money market fund....
La Compaa XYZ (la Compaa) inici operaciones hace 5 aos. La posicin de prdida acumulada de 3 aos de la Compaa al 31/12/CY es de $(20,000). Histricamente, la Compaa XYZ ha tenido pronsticos confiables...
The data shown in Table 10E.10 are temperature measurements made every 2 minutes on an intermediate chemical product (read down, then across from left to right). (a) Calculate the sample...
For each of the following accounts, indicate whether we use a debit or a credit to increase the balance of the account. a. Cash. b. Salaries Payable. c. Utilities Expense. d. Service Revenue.
Explain the phrase debits equal credits with regard to journal entries.
Find a second frequency where the current in the speaker of Example 28.4 has half its maximum value.
REQUIRED: Cost of production report under the following assumptions: Lost units - normal, discovered at the beginning Lost units - normal, discovered at the end Lost units - abnormal, discovered when...
ABC, Inc., manufactures only two products: Gadget A and Gadget B. The firm uses a single, plant wide overhead rate based on direct-labor hours. Production and product-costing data are as follows:...
.Jean Saburit has gone over the financial statements for Saburit Parts, Inc. The income statement has been prepared on an absorption costing basis and Saburit would like to have the statement revised...
When a constant force is applied to an object, the acceleration of the object varies inversely with its mass. When a certain constant force acts upon an object with mass 2 kg, the acceleration of the...
Use the following for all 3 circuits. V1 = 9.0 V, V = 12.0 V R = 2.0 ohms, R = 4.0 ohms, R3 = 6.0 ohms, R4 = 8.0 ohms C1 = 3.0 C = 3.0 (a) Find I in circuit A (b) Find I1 in circuit B R w R3 V R R4...
What are deferrals? Rescissions?
The following T-accounts show postings of selected transactions. Indicate the journal used in recording each of these postings a through e. Cash Accounts Receivable Inventory (d) 500 (e) 300 (b)...
Why might a city want to go into debt as a way to fund a new stadium?
Companies prepare balance sheets in order to know their financial position at a specific point in time. This enables them to make a comparison to their position at previous points in time and gives...
Companies prepare balance sheets in order to know their financial position at a specific point in time. This enables them to make a comparison to their position at previous points in time and gives...
If your school has a subscription to the FASB Codification, go to aaahq.org/ ascLogin.cfm to log in and prepare responses to the following. Instructions Access the glossary (Master Glossary) to...
In 2019, Sunland Company had a break-even point of $388,000 based on a selling price of $5 per unit and fixed costs of $155,200. In 2020, the selling price and the variable costs per unit did not...
11. String Conversion Given a binary string consisting of characters '0's and '1', the following operation can be performed it: Choose two adjacent characters, and replace both the characters with...
Consider the table shown below to answer the question posed in part a. Parts b and c are independent of the given table. Callaway Golf (ELY) Alaska Air Group (ALK) Yum! Brands (YUM) Caterpillar...

For each of the following accounts, indicate whether we use a debit or a credit to decrease

Question:

Step by Step Answer:

Accounts Decrease a C...View the full answer

Financial Accounting

Students also viewed these Accounting questions