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Selected general ledger accounts of B&T Company, Inc., are listed below with the identifying account numbers: For each of the following transactions or adjustments, indicate
Selected general ledger accounts of B&T Company, Inc., are listed below with the identifying account numbers: For each of the following transactions or adjustments, indicate the proper accounts to be debited and credited by placing the appropriate account number in the space provided. a. Shareholders invested cash in exchange for stock. _____ _____ b. Purchased equipment on account. _____ _____ c. Billed customers for services rendered. _____ _____ d. Paid balance due on account for equipment purchased. _____ _____ e. Collected payments on account from customers. _____ _____ f. Made adjustment to record depreciation on equipment. _____ _____ g. Made adjustment to accrue wages earned but not paid or recorded. _____ _____ h. Made adjustment to record portion of prepaid insurance that had expired. _____ _____
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