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Analyze the following transactions in terms of debits and credits Answer Choices: [ Choose ] Debit Office supplies and credit accounts payable Debit Prepaid Rent
Analyze the following transactions in terms of debits and credits
Answer Choices:
Choose
Debit Office supplies and credit accounts payable
Debit Prepaid Rent and credit cash
Debit Cash Credit Service Revenue
Debit Utilities Expense and Credit Utilities Payable
Debit Dividends and credit cash
Debit Accounts Receivable and Credit Service Revenue
Debit Cash and Credit Unearned Service Revenue
Debit Furniture and Credit Common Stock
Debit Salaries Expense, Debit Rent Expense, and Credit Cash
Debit Building and Credit Notes Payable
Debit Cash and Credit Accounts Receivable
Debit Cash Credit Common Stock
Debit Salaries expense and credit cash
Debit Accounts Payable and Credit Cash
On April an information
technology IT consulting company,
received $ cash for common
stock
Purchased $ of office supplies on
account on April
On April provided IT consulting service
for a client and collected $ cash.
Provided IT consulting services of
$ for clients on April The clients
will pay in the future.
Paid cash expenses on April : salaries
$ and office rent of $
On April Paid $ on accounts
payable
Collected $ cash on April from a
client
On April paid $ for dividends.
On April prepaid office rent of
$ for the months of May, June and
Paid $ salaries to employees on April
Choose
Purchased a building for $ on April A note payable was issued for the entire amount.
Choose
On April received a contribution of furniture with a fair market value of $ in exchange for common stock
Choose
Received a cell phone bill for $ on April and will pay this amount in May.
Choose
On April client pays $ in advance for consulting services to be performed during May and June.
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