SUBJECT: Financial Accounting and Reporting Instruction: Choose the Debit and Credit Accounts of the following transactions. TRANSACTION: Paid employees salaries 1. Debit * a. Cash In Bank b. Accounts Receivable c. Unused Laundy Supplies d. Prepaid Insurance e. Equipment f. Accounts Payable g. Unearned Income h. Amora, Drawing i. Amora, Capital j. Service Income k. Salaries Expense L.Taxes and Licenses m.Transportation 2. Credit * a. Cash In Bank b. Accounts Receivable c. Unused Laundy Supplies d. Prepaid Insurance e. Equipment f. Accounts Payable g. Unearned Income h. Amora, Drawing i. Amora, Capital j. Service Income k. Salaries Expense L.Taxes and Licenses m.Transportation TRANSACTION: Paid business permits 3. Debit * a. Cash In Bank b. Accounts Receivable c. Unused Laundy Supplies d. Prepaid Insurance e. Equipment f. Accounts Payable g. Unearned Income h. Amora, Drawing i. Amora, Capital j. Service Income k. Salaries Expense L.Taxes and Licenses m.Transportation 4. Credit * a. Cash In Bank
SUBJECT:
Instruction: Choose the Debit and Credit Accounts of the following transactions.
TRANSACTION: Paid employees salaries
1. Debit *
a. Cash In Bank
b. Accounts Receivable
c. Unused Laundy Supplies
d. Prepaid Insurance
e. Equipment
f. Accounts Payable
g. Unearned Income
h. Amora, Drawing
i. Amora, Capital
j. Service Income
k. Salaries Expense
L.Taxes and Licenses
m.Transportation
2. Credit *
a. Cash In Bank
b. Accounts Receivable
c. Unused Laundy Supplies
d. Prepaid Insurance
e. Equipment
f. Accounts Payable
g. Unearned Income
h. Amora, Drawing
i. Amora, Capital
j. Service Income
k. Salaries Expense
L.Taxes and Licenses
m.Transportation
TRANSACTION: Paid business permits
3. Debit *
a. Cash In Bank
b. Accounts Receivable
c. Unused Laundy Supplies
d. Prepaid Insurance
e. Equipment
f. Accounts Payable
g. Unearned Income
h. Amora, Drawing
i. Amora, Capital
j. Service Income
k. Salaries Expense
L.Taxes and Licenses
m.Transportation
4. Credit *
a. Cash In Bank
b. Accounts Receivable
c. Unused Laundy Supplies
d. Prepaid Insurance
e. Equipment
f. Accounts Payable
g. Unearned Income
h. Amora, Drawing
i. Amora, Capital
j. Service Income
k. Salaries Expense
L.Taxes and Licenses
m.Transportation
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