PARTE I INDIQUE LADO DONDE AUMENTA LAS SIGUIENTES CUENTAS (DEBIT O CREDIT) (6 PUNTOS)

1. CASH -Credit

2. INCOME TAX PAYABLE-Debit

3. ACCOUNTS RECEIVABLE-Debit

4. OWNERS DRAWINGS - Debit

5. MISCELLANEOUS EXPENSE-Debit

6. SALES-Credit

PARTE II INDIQUE LADO DONDE DISMINUYE LAS SIGUIENTES CUENTAS EN FORMA DE CUENTA T (7 PUNTOS)

1. SALARIES PAYABLE

2. INTEREST REVENUE

3. ACCOUNTS PAYABLE

4. UNEARNED REVENUE

5. PREPAID RENT

6. INTEREST EXPENSE

7. BONDS PAYABLE

PARTE III INDIQUE DONDE AUMENTAN Y DISMINUYEN LAS CUENTAS Y A QUE ESTADO FINANCIERO SE ANOTAN DICHAS CUENTAS. (16 PUNTOS)

1. SUPPLIES

2. COMMISSIONS REVENUE

3. OWNER, CAPITAL

4. PREPAID INSURANCE

5. SERVICE CHARGE EXPENSE

6. LAND

7. NOTES PAYABLE

8. TRUCK

PARTE IV INDIQUE LADO DE BALANCE NORMAL DE LAS SIGUIENTES CUENTAS Y ESTADO FINANCIERO QUE SE ANOTAN DICHAS CUENTAS. (18 PUNTOS)

1. MACHINERY

2. RENT REVENUE

3. SUPPLIES EXPENSE

4. OWNER, DRAWINGS

5. INCOME TAX EXPENSE

6. INCOME TAX PAYABLE

7. BUILDIINGS

8. SERVICE REVENUE

9. SALARIES EXPENSE

1.What is the difference between an account and a ledger?

2. Do the terms debit and credit signify increase or decrease, or can they signify either? Explain.

5.If the two totals of a trial balance are equal, does it mean that there are no errors in the accounting records? Explain.