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Complete the following statements using either debit or credit : a. The cash account is increased with a creditdebit . b. The owner's capital account
Complete the following statements using either "debit" or "credit":
a. The cash account is increased with a | creditdebit . |
b. The owner's capital account is increased with a | creditdebit . |
c. The delivery equipment account is increased with a | creditdebit . |
d. The cash account is decreased with a | creditdebit . |
e. The liability account Accounts Payable is increased with a | creditdebit . |
f. The revenue account Delivery Fees is increased with a | debitcredit . |
g. The asset account Accounts Receivable is increased with a | debitcredit . |
h. The rent expense account is increased with a | debitcredit . |
i. The owner's drawing account is increased with a |
Analysis of T Accounts Jim Arnold began a business called Arnold's Shoe Repair. 1. Complete the T accounts for Cash; Supplies; Jim Arnold, Capital; and Utilities Expense. Identify the following transactions by letter and place them on the proper side of the T accounts: a. Invested cash in the business, $8,000. b. Purchased supplies for cash, $800. c. Paid utility bill, $1,500. 2. Foot the T account for cash and enter the ending balance. Cash Bal. Jim Arnold, Capital Supplies Utilities Expense
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