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Tableau DA 2-1: Quick Study, Identifying normal balance LO C4 Maria Gomez owns and manages a consulting firm called Accel, which began operations on December
Tableau DA 2-1: Quick Study, Identifying normal balance LO C4 Maria Gomez owns and manages a consulting firm called Accel, which began operations on December 1. She asks us to assist her with some financial reporting questions. On December 31, we are provided with a Tableau Dashboard that includes selected accounts and amounts for the month of December Assets Liabilities $14,000 $12,000 Notes Payable Unearned Revenue $10,000 $8,000 $6,000 $4,000 Accounts Payable $2,000 Equity $0 Common Stock $9,200 Cash Equipment Accounts Receivable Notes Prepaid Receivable Insurance Supplies Dividends $4,000 Expenses Advertising Expense Rent Expense Salaries Expense Utilities Expense Revenues Consulting Revenue Rental Revenue +ableau K TO 1. Indicate the amount along with the normal balance (debit or credit) for each of the following accounts from the Tableau Dashboard. 2. Indicate the amount of each of the following accounts from the Tableau Dashboard, and then state whether a debit or credit decreases the normal balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Indicate the amount along with the normal balance (debit or credit) for each of the following accounts from the Tableau Dashboard. Amount Normal Balance a. Supplies b. Salaries expense c. Accounts payable d. Rental revenue Complete this question by entering your answers in the tabs below. Required 1 Required 2 Indicate the amount of each of the following accounts from the Tableau Dashboard, and then state whether a debit or credit decreases the normal balance. Amount Decreases with a. Notes payable b. Rent expense Consulting revenue d. Cash C. . Tableau DA 2-1: Quick Study, Identifying normal balance LO C4 Maria Gomez owns and manages a consulting firm called Accel, which began operations on December 1. She asks us to assist her with some financial reporting questions. On December 31, we are provided with a Tableau Dashboard that includes selected accounts and amounts for the month of December Assets Liabilities $14,000 $12,000 Notes Payable Unearned Revenue $10,000 $8,000 $6,000 $4,000 Accounts Payable $2,000 Equity $0 Common Stock $9,200 Cash Equipment Accounts Receivable Notes Prepaid Receivable Insurance Supplies Dividends $4,000 Expenses Advertising Expense Rent Expense Salaries Expense Utilities Expense Revenues Consulting Revenue Rental Revenue +ableau K TO 1. Indicate the amount along with the normal balance (debit or credit) for each of the following accounts from the Tableau Dashboard. 2. Indicate the amount of each of the following accounts from the Tableau Dashboard, and then state whether a debit or credit decreases the normal balance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Indicate the amount along with the normal balance (debit or credit) for each of the following accounts from the Tableau Dashboard. Amount Normal Balance a. Supplies b. Salaries expense c. Accounts payable d. Rental revenue Complete this question by entering your answers in the tabs below. Required 1 Required 2 Indicate the amount of each of the following accounts from the Tableau Dashboard, and then state whether a debit or credit decreases the normal balance. Amount Decreases with a. Notes payable b. Rent expense Consulting revenue d. Cash C
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