home study business accounting accounting questions and answers you must follow the instructions below if you don't, you may know the correct entry but the Your question has been posted We'll notify you when a Chegg Expert has answered Post another question Question YOU MUST FOLLOW THE INSTRUCTIONS BELOW IF YOU DON'T, YOU MAY KNOW THE CORRECT ENTRY BUT THE COMP Edit question YOU MUST FOLLOW THE INSTRUCTIONS BELOW IF YOU DON'T, YOU MAY KNOW THE CORRECT ENTRY BUT THE COMPUTER WILL NOT RECOGNIZE IT AND YOU WILL NOT RECEIVE CREDIT After each transaction description, there are several Account submission boxes and corresponding Amount submission boxes To indicate the accounts that you think are affected, choose them from the drop down menu But you MUST select them in the order that they are listed in the menu FOR EXAMPLE, if you think that Cash and Inventory are affected by a particular transaction, you must record the Cash impact first and the Inventory impact second because that is the order in which they are listed in the drop down menu If you record the Inventory impact first and the Cash impact second, even if they are the correct accounts and even if you have the correct dollar amounts, your answer will be considered incorrect When you record the dollar amounts, be sure to use a minus sign to indicate a decrease in the account You don't need to use a plus sign to indicate an increase There are always more Account and Amount submission boxes available than are necessary When you have indicated all the accounts that are affected by the transaction, you MUST select Leave Blank from the drop down menu for EACH of the remaining Account submission boxes (you can leave the Amount boxes blank) Miscellaneous expenses were $1,200, all paid for with cash Account Account Cash Account Inventory Account Fixtures and Equipment Dollar amount Dollar amount Dollar amount Dollar amount Accounts Receivable Prepaid Rent Accounts Payable Interest Payable Wages Payable E Notes Payable Paid in Capital Retained Earnings 019, 17 42 19 (EDT)) Leave Blank

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Question: YOU MUST FOLLOW THE INSTRUCTIONS BELOW. IF YOU DON'T, YOU MAY KNOW THE CORRECT ENTRY BUT THE COMP...

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YOU MUST FOLLOW THE INSTRUCTIONS BELOW. IF YOU DON'T, YOU MAY KNOW THE CORRECT ENTRY BUT THE COMPUTER WILL NOT RECOGNIZE IT AND YOU WILL NOT RECEIVE CREDIT.

After each transaction description, there are several "Account" submission boxes and corresponding "Amount" submission boxes. To indicate the accounts that you think are affected, choose them from the drop-down menu. But you MUST select them in the order that they are listed in the menu. FOR EXAMPLE, if you think that Cash and Inventory are affected by a particular transaction, you must record the Cash impact first and the Inventory impact second because that is the order in which they are listed in the drop-down menu. If you record the Inventory impact first and the Cash impact second, even if they are the correct accounts and even if you have the correct dollar amounts, your answer will be considered incorrect.
When you record the dollar amounts, be sure to use a minus sign to indicate a decrease in the account. You don't need to use a plus sign to indicate an increase.
There are always more "Account" and "Amount" submission boxes available than are necessary. When you have indicated all the accounts that are affected by the transaction, you MUST select "Leave Blank" from the drop-down menu for EACH of the remaining "Account" submission boxes (you can leave the "Amount" boxes blank).

Miscellaneous expenses were $1,200, all paid for with cash. Account: Account: Cash Account: Inventory Account: Fixtures and Equipment Dollar amount: Dollar amount: Dollar amount: Dollar amount: Accounts Receivable Prepaid Rent Accounts Payable Interest Payable Wages Payable E Notes Payable Paid-in Capital Retained Earnings 019, 17:42:19 (EDT)) Leave Blank