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Question 13 The company repays a loan to a bank. The debit should be: The credit should be: Question 14 The company pays for current
Question 13 The company repays a loan to a bank. The debit should be: The credit should be: Question 14 The company pays for current month's rent. The debit should be: The credit should be: Question 15 The company pays employee for work performed during the month (Hint: The expense account for employee work is called Salaries Expense.) The debit should be: The credit should be: Question 16 The company pays for a year of rent in advance. The debit should be: The credit should be: Question 17 On April 1: The company purchases supplies on account On April 5: The company pays for the supplies that were purchased on April 1. On April 1: The debit should be: The credit should be: Question 18 On April 1: The company purchases supplies on account. On April 5: The company pays for the supplies that were purchased on April 1. On April 5: The debit should be: The credit should be: Question 19 Calculate the ending balance of the following T-Account: Cash 100 250 300 50 500 150 $450 Debit Ending Balance $900 Debit Ending Balance and $450 Credit Ending Balance $450 Credit Ending Balance $900 Debit Ending Balance
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