7. Recording depreciation affects the accounts below. Please select the appropriate debit (DR) and credit (CR).*...
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7. Recording depreciation affects the accounts below. Please select the appropriate debit (DR) and credit (CR).* Debit (DR) Depreciation Expense Credit (CR) Accumulated Depreciation Debit (DR) Accumulated Depreciation Credit (CR) Depreciation Expense 8. Complete the following sentence with "Debit" and "Credit": A check deposited to the bank for payment of an agent's bill (from the Market Center) is a to "Accounts Receivable - Agents" and a (B) A Debit B Credit A Credit B Debit (A)_ to "Cash - Operating Account"* 9. Complete the following sentence with "Debit" and "Credit": A refund check is issued to an agent for the amount he overpaid for office rent is a. "Other Income Rent" and a Operating" account.* A Debit B Credit (A)_to (B)_ to "Cash- A Credit B Debit 10. Upon receipt of a vendor's invoice where office supplies were bought for $300, the initial entry would be recorded as:* DR Accounts Payable 300 CR Supplies 300 DR Supplies 300 CR Accounts Payable 300 DR Supplies 300 CR Cash-Operating 300 11. Items were returned to the vendor. The vendor then issued a credit memo for $55 prior to the invoice being paid. The entry should be recorded as:* DR Supplies 55 CR Accounts Payable 55 DR Supplies 55 CR Cash-Operating 55 DR Accounts Payable 55 CR Supplies 55 12. A $40 invoice to an agent for copies should be recorded in the:* Purchase Journal Cash Receipts Journal Accounts Receivable Journal None of the above 7. Recording depreciation affects the accounts below. Please select the appropriate debit (DR) and credit (CR).* Debit (DR) Depreciation Expense Credit (CR) Accumulated Depreciation Debit (DR) Accumulated Depreciation Credit (CR) Depreciation Expense 8. Complete the following sentence with "Debit" and "Credit": A check deposited to the bank for payment of an agent's bill (from the Market Center) is a to "Accounts Receivable - Agents" and a (B) A Debit B Credit A Credit B Debit (A)_ to "Cash - Operating Account"* 9. Complete the following sentence with "Debit" and "Credit": A refund check is issued to an agent for the amount he overpaid for office rent is a. "Other Income Rent" and a Operating" account.* A Debit B Credit (A)_to (B)_ to "Cash- A Credit B Debit 10. Upon receipt of a vendor's invoice where office supplies were bought for $300, the initial entry would be recorded as:* DR Accounts Payable 300 CR Supplies 300 DR Supplies 300 CR Accounts Payable 300 DR Supplies 300 CR Cash-Operating 300 11. Items were returned to the vendor. The vendor then issued a credit memo for $55 prior to the invoice being paid. The entry should be recorded as:* DR Supplies 55 CR Accounts Payable 55 DR Supplies 55 CR Cash-Operating 55 DR Accounts Payable 55 CR Supplies 55 12. A $40 invoice to an agent for copies should be recorded in the:* Purchase Journal Cash Receipts Journal Accounts Receivable Journal None of the above
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