PROBLEM 2-ANALYSIS OF TRANSACTI For Bush Designs, indicate the accounts to be debited and below by INSTRUCTIONS: the letter the accounts in the appropriate columns. E. Fees Earned N. H. Loehr, Capital O. H. Loehr, Drawing G. Notes Payable C. Building D. Cash Fo TRANSACTIONS 0. Henry Loehr withdrew cash from the business 1-2. Received cash for services sold 34. Purchased supplies for on account 5-6. Purchased office equipment, paying one-half in cash 3. 5. and giving a note for the balance 7-8. Paid creditors on account 9-10. Fees eamed from cash customers and customers on account 11-12. Discovered an error in collecting cash on an account receivable from the customer in cash for the overpayment 13. 15 13-14. Received cash from customers on account 15-16. Recorded supplies used for month 17-18. Paid rent TEST 2A (Concluded) PROBLEM 3 CLASSIFICATION OF ACCOUNTS -20% INSTRUCTIONS: The customary classifications for accounts listed in the chart of accounts are listed below. Classify each account by inserting the appropriate letter in the classification column and indicate the normal balance by inserting a check mark in the debit column or the credit column. A. Assets C. Owner's equity D. Normal Balance ACCOUNTS 1. Notes R 2. Supplies 3. Fares Eamed 4. Land 5. Prepaid Insurance 6. April Saran, Capital 7. Unearned Rent 8. Rent Expense. 9. Office Equipment .. 10. 10. Accounts Payable PROBLEM 4-PRINCIPLES AND TERMINOLOGY-20% INSTRUCTIONS: Select from the list below the term that best represents each statement, inserting the letter desig in the Answers column. A term may be used more than once. RM N. Revenue O. Slide soounte Pavable F. Credit J. Journal