Choose the Debit and Credit Accounts of the following transactions. TRANSACTION: Opened an account with Bank and made initial deposit 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: Bought Equipment on Account 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
SUBJECT:
Instruction: Choose the Debit and Credit Accounts of the following transactions.
TRANSACTION: Opened an account with Bank and made initial deposit
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: Bought Equipment on Account
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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