Selected accounts from the ledger of Garrison Company appear below. For each account, indicate the following: (a)

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Selected accounts from the ledger of Garrison Company appear below. For each account, indicate the following:
(a) In the first column at the right, indicate the nature of each account, using the following abbreviations:
Asset - A Revenue - R
Liability - L Expense - E
None of the above - N
(b) In the second column, indicate the increase side of each account by inserting Dr. or Cr.
Account Type of Account Increase Side
(1) Supplies....................................................___ ___ _ ________
(2) Notes Receivable.....................................___ ___ _ ________
(3) Fees Earned.............................................___ ___ _ ________
(4) Garrison, Drawing...................................___ ___ _ ________
(5) Accounts Payable....................................___ ___ _ ________
(6) Salaries Expense......................................___ ___ _ ________
(7) Garrison, Capital......................................___ ___ _ ________
(8) Accounts Receivable................................___ ___ _ ________
(9) Equipment................................................___ ___ _ ________
(10) Notes Payable.........................................___ ___ _ ________
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Related Book For  book-img-for-question

Financial and Managerial Accounting Using Excel for Success

ISBN: 978-1111993979

1st edition

Authors: James Reeve, Carl S. Warren, Jonathan Duchac

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