Question
Match the letter and the blank in each transaction description to complete the analysis. All letters may not be used and some letters may be
Match the letter and the blank in each transaction description to complete the analysis. All letters may not be used and some letters may be used more than once. A. Debit B. Cash C. Revenue D. Supplies E. Credit F. Expense G. Accrued liabilities H. Unearned revenue I. Accounts receivable J. Notes payable Match the letter and the blank in each transaction description to complete the analysis. All letters may not be used and some letters may be used more than once.
A. Debit
B. Cash
C. Revenue
D. Supplies
E. Credit
F. Expense
G. Accrued liabilities
H. Unearned revenue
I. Accounts receivable
J. Notes payable
1. a company pays wages. this is posted an _____ to cash and a _____ to wages expense.
2. A company is paid for a job completed last month. This is posted as a debit to ____ and a credit to _____.
3. A restaurant buys and immediately uses ingredients. This is posted as a _____ to an expense and a(n) _____to cash.
4. A company pays the original amount owed on a promissory note. This is posted as a debit to ____ and a credit to ______.
5. A company received money for a job done next month. This is posted as a debit to ____ and a credit to _____.
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