9 O points earned Indicate the accounts to be debited and credited for each transaction by...
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9 O points earned Indicate the accounts to be debited and credited for each transaction by entering the appropriate letter in each blank. Choose the corresponding multiple-choice answer. ACCOUNTS A. Supplies B. Accounts Payable C. Notes Payable D. Cash E. Accounts Receivable F. Office Equipment Transaction Purchased supplies on credit G. Supply Expense H. Unearned Revenue I. Retained Earnings J. Dividends K. Common Stock L. Services Revenue Debit Credit Received cash for services to be performed later Received payments on customer accounts Purchased office equipment with cash Borrowed cash from the bank Used up supplies Declared and paid a cash dividend From top to bottom (Transactions 1-7), the correct order of debit and credit entries should be: Debits: G,D,D,D,C,G,L Credits: B,L,B,F,D,A,D Debits: A,D,E,F,D,G,K Credits: E,H,B,D,B,A,D Debits: G,H,D,D,C,A,J Credits: D,D,E,F,D,G,D Debits: A,D,D,F,D,G,J Credits: B,H,E,D,C,A,D Debits: A,D,E,F,D,A,D Credits: D,L,D,D,D,G,J 9 O points earned Indicate the accounts to be debited and credited for each transaction by entering the appropriate letter in each blank. Choose the corresponding multiple-choice answer. ACCOUNTS A. Supplies B. Accounts Payable C. Notes Payable D. Cash E. Accounts Receivable F. Office Equipment Transaction Purchased supplies on credit G. Supply Expense H. Unearned Revenue I. Retained Earnings J. Dividends K. Common Stock L. Services Revenue Debit Credit Received cash for services to be performed later Received payments on customer accounts Purchased office equipment with cash Borrowed cash from the bank Used up supplies Declared and paid a cash dividend From top to bottom (Transactions 1-7), the correct order of debit and credit entries should be: Debits: G,D,D,D,C,G,L Credits: B,L,B,F,D,A,D Debits: A,D,E,F,D,G,K Credits: E,H,B,D,B,A,D Debits: G,H,D,D,C,A,J Credits: D,D,E,F,D,G,D Debits: A,D,D,F,D,G,J Credits: B,H,E,D,C,A,D Debits: A,D,E,F,D,A,D Credits: D,L,D,D,D,G,J
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