Question
On January 1, Merry Walker and other stockholders established a catering service. Listed below are accounts to use for transactions (a) through (f), each
On January 1, Merry Walker and other stockholders established a catering service. Listed below are accounts to use for transactions (a) through (f), each identified by a number. Following this list are the transactions that occurred in Walker's first month of operations. You are to indicate for each transaction the accounts that should be debited and credited by placing the account number(s) in the appropriate box. 1. Cash 2 Accounts Receivable 3. Supplies 4. Prepaid Insurance 5. Equipment 6. Truck 7. Notes Payable & Accounts Payable 9. Common Stock 10. Dividends 11. Fees Earned 12. Wages Expense 13. Rent Expense 14. Utilities Expense 15. Track Expense 16. Miscellaneous Expense 17. Insurance Expense Transactions a. Recorded jobs completed on account and sent invoices to customers b. Received an invoice for truck expenses to be paid in February. c. Paid utilities expense d. Received cash from customers on account. Paid employee wages. Paid dividends to stockholders. Account(s) Debited Account(s) Credited
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