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QUESTION 3 Assume that the chart of accounts for Roth Co Includes the following accounts: Cash Accounts Receivable, Equipment Accounts Payable, Sam Roth, Capital, Sam
QUESTION 3 Assume that the chart of accounts for Roth Co Includes the following accounts: Cash Accounts Receivable, Equipment Accounts Payable, Sam Roth, Capital, Sam Roth Drawing Fees Earned, Salary Expenses, and Utilities Expense On July 1, the company paid creditors on account $9.000 Using the chart of accounts above, indicate the account that should be recorded in the Description column of the Journal item (1) as the debit account for the $9.000 amount DATE DESCRIPTION PREF DEBIT CREDIT July 1 ( $9,000 (2) $9.000 Accounts Receivable Cash Sam Roth, Capital Accounts Payable
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