More Info b. Shell Inc. paid its computer service technicians $110,000 in salaries for the month ended January 31. Dell Oil used $12,000 worth of electricity in its headquarters building during March. Shell received the bill, but will not pay it until sometime in April. In 2011, Bargain Depot's, FAS had $21 million in catalogue sales. Assume all sales were recorded as credit sales. Tools Depot collected $62 million in interest and investment income during 2010. C. d. Print Print Done Done Show each of the following transactions in the accounting equation. Then, tell whether or not the original transaction as given is one that results in the recognition of revenue or expenses. (Click the icon to view the transactions.) Enter the transactions in the accounting equation. (Use parentheses or a minus sign when entering account decreases. Use only the necessary input lines. Some of the account names will be abbreviated.) Begin by entering transaction a. Shell Inc. paid its computer service technicians $110,000 in salaries for the month ended January 31. Assets Liabilities + Shareholders' Equity Contributed Capital + Retained Earnings $ Account Account + $ (110,000) Salary exp. $ Account Account $(110,000) Cash + + + + b. Dell Oil used $12,000 worth of electricity in its headquarters building during March. Shell received the bill, but will not pay it until sometime in April. Shareholders' Equity Contributed Capital + Retained Earnings Assets Liabilities + Account Account Account Account J = | (12000)| Utilities pay. + (12000)|| Utilities exp. More Info b. Shell Inc. paid its computer service technicians $110,000 in salaries for the month ended January 31. Dell Oil used $12,000 worth of electricity in its headquarters building during March. Shell received the bill, but will not pay it until sometime in April. In 2011, Bargain Depot's, FAS had $21 million in catalogue sales. Assume all sales were recorded as credit sales. Tools Depot collected $62 million in interest and investment income during 2010. C. d. Print Print Done Done Show each of the following transactions in the accounting equation. Then, tell whether or not the original transaction as given is one that results in the recognition of revenue or expenses. (Click the icon to view the transactions.) Enter the transactions in the accounting equation. (Use parentheses or a minus sign when entering account decreases. Use only the necessary input lines. Some of the account names will be abbreviated.) Begin by entering transaction a. Shell Inc. paid its computer service technicians $110,000 in salaries for the month ended January 31. Assets Liabilities + Shareholders' Equity Contributed Capital + Retained Earnings $ Account Account + $ (110,000) Salary exp. $ Account Account $(110,000) Cash + + + + b. Dell Oil used $12,000 worth of electricity in its headquarters building during March. Shell received the bill, but will not pay it until sometime in April. Shareholders' Equity Contributed Capital + Retained Earnings Assets Liabilities + Account Account Account Account J = | (12000)| Utilities pay. + (12000)|| Utilities exp
