Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Total Score is fine to write on these pages. When you show your work, I have the opportunity to award Please review your work to

image text in transcribed

Total Score is fine to write on these pages. When you show your work, I have the opportunity to award Please review your work to see that you have answered all questions. have enjoyed teaching your class this team. Good Skills and Good Luck! [1 point eac SELECT THE BEST RESPONSE 1-10. For each account, circle if the change is recorded as a Debit (Dr) or a Cred it (Cr) Increase in Cash Decrease in Accounts Payable Increase to Capital Increase to Unearned Revenue Decrease to Accounts Receivable Increase to Earned Revenue Dr Cr 1. Cr) CD Dr 2 Dr Cr Dr 4. 5. Cr Dr Cr Dr Increase to Rent Expense Decrease to Office Supplies Increase to Prepaid Rent Increase to Notes Payable Cr Dr 7 Cr Dr Cr 9 Dr Cr 10 Dr [1 point each MATCHING: Please find the best match by filling in the letter for the answer: Liabilities Owner's claim to the assets of a business Cost of selling goods or services Expected to benefit the business in the future Creditor's claim to the assets of a business Amounts earned from delivering goods or A BEquity Expenses 3 Revenues 4 E Assets services to customers Please find the best match: Balance Sheet Information on profitability fo A 6 Lists Assets, Liabilities and Eo B Trial Balance 7 Shows earnings kept and rei company Reports cash coming in and period Lists all accounts with the C 8 Statement of Cash Flows Statement of Retained Earn ings E 10 Income Statement 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auto Body And Repair Industry IRS Audit Techniques Guide

Authors: Internal Revenue Service

1st Edition

1304131661, 978-1304131669

More Books

Students also viewed these Accounting questions

Question

What does it mean when a case is on point? When is a case on point?

Answered: 1 week ago