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Cad, Modified Cash, and Accrual bases of Accouend Select the debit and credit account for each entry for the following transactions, using the (a) cash
Cad, Modified Cash, and Accrual bases of Accouend Select the debit and credit account for each entry for the following transactions, using the (a) cash bass (0) modified cash basis, and (c) accrual basis of accounting. If no entry is required, select "No entry from the drop down box Cash Basis Modified Cash Basis Accrual Basis 1. Purchase supplies on accant Debit Credit 7. Make payment on asset previoudy purchased Debit Credit 3. Purchase sopolies for cash. Debit Cred 4. Purchase insurance for cash Debit Credt 5. Pay cash for wages 6. Pay cash for phone Debit Credit Debit Cred 7. Pay cash for new equipment Debit Credit End of Penod Adating B. Wages samned but not said Debi Credit Check My Work Previous All worked Cash, Modified Cash, and Accrual B Select the debit and credit account for each entry for the following transactions, using the (a) cash basis. (b) modified cash basis, and (c) accrual basis of accounting. If na entry is required, select "No entry from the drop down bo 1. Purchase supplies on account. Cash Basis Modified Cash Basis Accrual Basis Debit Credit 2. Make payment on asset previously purchased. Debit Credit 3. Purchase supplies for cash Debit Credit 4. Purchase insurance for cash. Debit Credit 5. Pay cash for wages Debit Credit 6. Pay cash for phone expense. Debit Credit 7. Pay cash for new equipment. Debit Credit End-of-Period Adjusting Entries 8. Wages earned but not paid Debit Credit
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