Answered step by step
Verified Expert Solution
Question
1 Approved Answer
sorry last photo was blurry on the bottom for question 1-13 i'm supposed to match one of the 1-14 options as well as determining if
sorry last photo was blurry
on the bottom for question 1-13 i'm supposed to match one of the 1-14 options as well as determining if its on the credit or debit side :)
Home Insert Draw Page Layout Formulas Data Review View Tell me Hely 10 A A 25 Wrap Text General Paste B 7 a-A- Marge Cantar $ %) *68 8 Conditional F Formatting as A11 0 0 1 4 4 5 7 10 Debit x fe B D G M N Below is an alphabetical listing of General Ledger accounts with identifying numbers. Indicate the accounts debted and ended in each of the following transactions by placing the proper account entrying numbers in the cours to the left of each transaction 1. Accounts Payable 7. Income Summary 13. Salaries Expense 2. Accounts Receivable 8. Insurance Expense 14. Salaries Payable 3. Ace. Depi Equipment 9. Omce Supplies Reveru 10. Omce Supplies Expense Capital 5. Depin. Expense-Equipment 11. Prepaid insurance Withdrawals 6. Equipment 12. Rent Expense Credit 1. Invested cash and equipment in a suntanning business 2. Rented a store and parent for one month 3. Pand the premium on a two-year insurance policy + 4 Purchased office supplies on credit and recorded an asset 5. Perfomed services to clients for cash 6. Pad the Wat Wala University tuition for Scott Smith's Caughter 7. Performed services to chants and bied them 8. Pald salaries for the two weeks anding October 20 9. Made an adjusting entry to record expired Insurance, 10. Made an adjusting entry to record accrued salanes. 11. Made an adjusting entry to record depreciation on equipment 12. Closed the income Summary account reflecting a net loss for the period 13. Gosed the owners withdrawals account 12 13 14 15 16 17 18 19 20 21 24 25 26 27 8 0 1 2 3 4 A 4 Debit D G H K M N Below is an alphabetical listing of General Ledger accounts with identifying numbers. Indicate the accounts debited and credited in each of the following transactions by placing the proper account Identifying numbers) in the columns to the left of each transaction 1. Accounts Payable 7. Income Summary 13. Salaries Expense 2. Accounts Receivable 8. Insurance Expense 14. Salaries Payable 3. Acc. Depin.-Equipment 9. Omice Supplies Revenue 4. Cash 10. Office Supples Expense Capital 5. Depin. Expense-Equipment 11. Prepaid Insurance Withdrawals 6. Equipment 12. Rent Expense Credit 1. Invested cash and equipment in a suntanning business 2. Rented a store and paid rent for one month 3. Paid the premium on a two-year Insurance policy. + 4. Purchased office supplies on credit and recorded an asset. 5. Perfomed services to clients for cash 6. Paid the Walla Walla University tuition for Scott Smith's daughter. 7. Performed services to clients and billed them. B. Pald salaries for the two weeks ending October 20. 9. Made an adjusting entry to record expired Insurance 10. Made an adjusting entry to record accrued salaries 11. Made an adjusting entry to record depreciation on equipment 12. Closed the income Summary account reflecting a net loss for the period. 13. Closed the owner's withdrawals account Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started