Debits and Credits:

Ex:

1.Cash received from a customer on account was debited for $570, and Accounts Receivable was credited for the same amount. The actual collection was for $750. Debit Cash 180, Credit Accounts receivable 180.

2.The purchase of a computer printer on account for $825was recorded as a debit to Supplies for $825and a credit to Accounts Payable for $825.

3.Services were performed on account for a client for $890. Accounts Receivable was debited for $890and Service Revenue was credited for $89.

4.A payment of $85for telephone charges was recorded as a debit to Office Expense for $85and a debit to Cash for $85.

5.When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $650was performed prior to June 30 (related to Unearned Service Revenue).

6.A debit posting to Salaries and Wages Expense of $995was omitted.

7.A payment on account for $206was credited to Cash for $206and credited to Accounts Payable for $260.

8.A dividend of $900was debited to Salaries and Wages Expense for $900and credited to Cash for $900.