Question
Paid $6,000 for advertising in the local paper Date Accounts and Explanation Debit Credit Nov. 4 Expenses (incorrect) 6000 correct (correct) cash (correct) 6000 (correct)
- Paid $6,000 for advertising in the local paper
Date Accounts and Explanation Debit Credit
Nov. 4 Expenses (incorrect) 6000 correct (correct)
cash (correct) 6000 (correct)
2. Rendered services, for $11,500 half of which was paid by the clients on account.
Date Accounts and Explanation Debit Credit
Nov. 5 Impairment loss ( incorrect row) 11500( incorrect)row
Impairment (loss incorrect) 11500 (incorrect)
exopenses (incorrect) 11500 )correct)
Need to know the correct placements of the numbers in the debt or credit sections in the two rows. Also need the correct terms that go with both questions. The second question has a third row where expense is. What would be the correct term there?
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Financial Finesse An Accounting Guide For Entrepreneurs
Authors: TaShara Ramese
1st Edition
1732510903, 978-1732510906
