Given the following accounts, complete the table by inserting appropriate numbers next to the individual transaction to
Question:
1. Cash
2. Accounts Receivable
3. Furniture
4. Accounts Payable
5. B. Martin, Capital
6. B. Martin, Withdrawals
7. Photography Fees Earned
8. Salaries Expense
9. Advertising Expense
10. SuppliesExpenses
Transcribed Image Text:
Rules Transaction DI. CI Example: A. Paid salaries expense. B. Bill paid personal utilities bill from the company checkbook. C. Advertisin D. Received cash from photography fees E. Paid supplies expense. F. Bill invested in additional fumiture for the business. G. Billed customers for photography services rendered. H. Received one-half the balance from transaction G. L. Bought furniture on account. g bill received but unpaid.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (18 reviews)
Dr Cr A 8 1 ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Given the following accounts, complete the table by inserting the appropriate number next to each individual transaction to indicate which account is debited and which account is credited. 1. Cash 2....
-
For each transaction that follows, indicate which account is debited and which account is credited. May 2 Leon Bear started a computer programming business, Bears Programming Service, Inc., by...
-
What account is debited and what account is credited when manufacturing overhead is applied?
-
Label the following as True, False, or Uncertain and explain your choice. (Uncertain means that it can be either true or false depending upon the circumstances.) a. All members of a resource cartel...
-
The normal p.d.f. with = 0 and 2 = 1 has points of inflection at x = -1 and x = 1. Show the above facts about the normal distribution.
-
What is a material requirements plan?
-
The actual cost of buying or selling the product or service. LO.1
-
At the start of 2015, the New Orleans Fine Food Company budgeted before-tax income as follows: Actual before tax income for 2015 was: Required Florence Roden, the owner of the company, is pleased...
-
1 Carla Corporation has seven industry segments with total revenues as follows. Based only on the revenues test, which industry segments are reportable
-
Jackies pays $100 a day for each canoe it rents and $50 a day for each canoe operator it hires. a. Graph the ATC curves for Plant 1 and Plant 2. b. On your graph in a, plot the ATC curves for Plant 3...
-
Complete the following table. For each account listed on the left, fill in what category it belongs to, whether increases and decreases in the account are marked on the debit or credit sides, and on...
-
From the following trial balance of Hills Cleaners (Figure), prepare the following: 1. Income statement 2. Statement of owners equity 3. Balancesheet HILL'S CLEANERS TRIAL BALANCE MAY 31, 201X Dr. Cr...
-
Jerilyn Ross, a New York City psychologist, specializes in treating patients who are phobic and afraid to leave their homes. The following table indicates how many patients Dr. Ross has seen each...
-
You are expected to suggest several functional tactics and how these short-term activities are used to achieve short term objectives and establish a competitive advantage. Within the general...
-
Carbon dioxide and nitrogen experience equimolar counterdiffusion in a circular tube whose length and diameter are 1m and 50mm, respectively. The system is at a total pressure of 1 atm and a...
-
A licensee recently was placed on court - ordered probation. Does the licensee have to report this to the Board?
-
1. Technology and Operations What task does the operations function in a manufacturing organisation and in a service organisation perform? How does operations strategy contribute to make to corporate...
-
Do the Following current market analysis - geographic , psychographic and behavioral of Klean Kanteen THIS IS THE DETAILS AND DRAFTS OF PAPER. (THIS IS THE BASIS) Open the link;...
-
A four year study in Tennessee randomly assigned children in kindergarten through third grade into classes of different sizes. The results of this experiment indicated that the smaller class sizes...
-
A survey of 70 college freshmen asked whether students planned to take biology, chemistry, or physics during their first year. Use the diagram to answer each question. How many of the surveyed...
-
During October 2019, Cleo organised a new business, Cleos Cafe. After each October transaction, Cleo prepared a balance sheet, as shown below. Required (a) Describe the nature of each of the four...
-
Consider the data in Figure 5.23 for Daffy?s Dance Studio: Trial Balance for Daffy?s Dance Studio Adjustment Data 1. Insurance expired, $100. 2. Dance supplies on hand, $200. 3. Depreciation on dance...
-
As the bookkeeper of Panji?s Plowing, you have been asked to complete the entire accounting cycle for Panji from the following information. Adjustment Data 1. Snow supplies on hand, $300. 2. Rent...
-
Consider the data in Figure 5.25 for Deb?s Dance Studio: Adjustment Data 1. Insurance expired, $1,000. 2. Dance supplies on hand, $1,100. 3. Depreciation on dance equipment, $2,500. 4. Salaries...
-
Domino is 4 0 years old and is married out of community of property with the exclusion of the accrual system to Dolly ( 3 5 ) . They have one child, Domonique, who is 1 1 years old. Domino resigned...
-
YOU ARE CREATING AN INVESTMENT POLICY STATEMENT FOR JANE DOE General: 60 years old, 3 grown children that are living on their own and supporting themselves. She is in a very low tax rate so we don't...
-
firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8. Using...
Study smarter with the SolutionInn App