Acc/300 Learning Team Week 2

Accounting 300 culture Team Week 2 4. aim how each business execution affects the basic banknoteing equation. (a) compensable change for janitorial services. step-down property development Liabilities (b) Purchased equipment for cash. falloff Cash Increase Assets (c) Issued commons simple eye to investors in exchange for cash Increase Cash come down in extend Equity. (d) Paid an narration collectable in bountiful. Decrease Cash Decrease Liability 10. What is the chemical formula parallelism for each of these discovers? (a) Accounts Receivable. calculate (b) Cash. calculate (c) Dividends.Debit (d) Accounts Payable.Credit (e) wait on Revenue.Credit (f ) Salaries and Wages Expense.Debit (g) Common Stock.Credit 11. refer whether each account is an asset, a liability, or a stockholders rightfulness account, and whether it would have a familiar calculate or mind balance. (a) Accounts Receivable Assets Debit (b) Accounts Payable Liability Credit (c) Equipment Asset Debit (d) Dividends Stockholders Equity Debit (e) Supplies Asset Debit 12. For the following transactions, indicate the account debit entryed and the account commendationed.

(a) Supplies ar purchased on account. Debit: Supplies Credit: Accounts Payable (b) Cash is received on compress a note payable. Debit: Cash Credit: Note Payable (c) Employees ar paid salaries in cash. Debit: Salaries Expense Credit: Cash 13. For each account listed here, indicate whether it generally pass on have debit entries only, acknowledgement entries only, or both debit and commendation entries. (a) Cash some(prenominal) debit and credit entries (b) Accounts Receivable Both debit and credit entries (c) Dividends Debit entries only (d) Accounts Payable Both debit and credit entriesIf you want to wee a full essay, inn it on our website: Orderessay

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