Accounting

1 YU Body YU O_List 1 No Spac.. YU Strong Editing Voice Styles Below is an alphabetical listing of General Ledger accounts with identifying numbers for Scott's Suntanning Parlour. Indicate the accounts debited and credited in each of the following transactions by placing the proper account identifying number(s) in the columns to the right of each transaction 1 Accounts Payable 10 Prepaid Insurance 2. Accounts Receivable 11 Rent Expense 3 Accum depreciation, Suntan Equip 12. Salaries Expense 4 Cash 13 Salaries Payable 5.Depreciation expense, Suntan Equip 14 Suntaining Equipment 6 Income Summary 15 Suntanning Revenue 7 Insurance Expense 16 Scott Smith, Capital 8 Office Supplies 17.Scott Smith, Withdrawals 9.Office Supplies Expense Debit Credit (a) Invested suntanning equipment and cash in a suntanning business. 14 16 4 (b) Rented a store and paid rent for one month 11 4 (c) Paid the premium on a two-year insurance policy. 10 4 7 d) Purchased office supplies for cash and recorded an asset (e) Rendered services to clients for cash 8 4 4 (f) Scott Smith withdrew cash from the business for personal use. 15 (g) Rendered services to clients on account 16 4 (h) Paid salaries. 2 15 Made an adjusting entry to record expired insurance. 12 4 (k ) ) Made an adjusting entry to record accrued salaries. (1) Made an adjusting entry to record office supplies used. Made an adjusting entry to record depreciation on suntanning equipment (m) a net loss. Closed the Income Summary account, which reflected (n) Closed the owner's withdrawals account. Focus LO ook ^ Q 2 61) EN