SUBJECT: Financial Accounting and Reporting Instruction: Choose the Debit and Credit Accounts of the following transactions. TRANSACTION: Withdrew cash for personal use 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
SUBJECT:
Instruction: Choose the Debit and Credit Accounts of the following transactions.
TRANSACTION: Withdrew cash for personal use
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: Received cash for services not yet rendered
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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