Question
1- Cash 2- Accounts Receivable 3-Prepaid Insurance 4- Prepaid Rent 5- Supplies 6- Equipment 7-Accounts Payable 8- Unearned Revenue 9-Smith, Capital 10-Smith, Withdrawals 11-
1- Cash 2- Accounts Receivable 3-Prepaid Insurance 4- Prepaid Rent 5- Supplies 6- Equipment 7-Accounts Payable 8- Unearned Revenue 9-Smith, Capital 10-Smith, Withdrawals 11- Service Revenue 12-Wages Expense 13-Utilities Expense 14 Advertising Expense 15- Rent Expense Use the account numbers given above to indicate the accounts that would be debited and credited in each of the following transactions: A) Paid one year's rent in advance B) Purchased supplies on account C) Received payment from a client in advance of providing services. D) Bought equipment, paying a portion in cash, with the remainder on credit. E) The owner wrote himself a check from the business' checking account. F) Provided services for a customer on credit. G) Received and paid an advertising bill. H) Collected payment from a customer on his account. DEBIT CREDIT
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