Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. review the transactions and determine the accounts

Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock,...

90.2K

Verified Solution

Question

Accounting

Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry.
image
image
Record the following transactions as journal entries
image
image
rove your mastery! Your results will report to the gradebook. If you are not ready to submit work fora grade, you can try activities again or attempt the Practice Mastery. Your work will be saved as you work hrough each part. the transactions and determine the accounts, the account types (use assets, liabilities, comm stock, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry Received cash from selling shares of stock Account #1 Account Type common stock Increase Account #2 Account Type Paid for repairs to the company truck Account a1 ccount Type Account 82 Account Type Increase/Decrease Debit/Credit 2o 3 6

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Draw an example of an octahedral complex that takes part in a ligand to metal charge...

Chemistry
Q

For a conservative force F, all if the following are correct except A. there exists an associated...

Physics
Q

As of 1900, which nation emerged as a powerful industrial nation due to its natural...

Biology
Q

Question 7 What specific nucleic acid is shown H O O P O CH 0...

Biology
Q

The following mRNA strand is being used to assemble a polypeptide strand by a ribosome:...

Biology
Q

12 Select all the solutions to the following equation 4n 20 1 n 2 n...

Algebra
Q

8 Click Submit to complete this assessment. Question 8 Question 8 (15 Marks) Based on...

Accounting
Q

The following information is available for a companys maintenance cost over the last seven months....

Accounting
Q

Sweet Corporation enters into a 6-year lease of equipment on January 1, 2017, which requires...

Accounting
Q

Fairweather Manufacturing Ltd (FML) is a public company and was incorporated a number of years...

Accounting
Q

Yess Amir CPA, representing PT Monolever Indonesia is meeting with a representative of Doyche...

Accounting
Q

Using Interrelations of Financial Statements Answer each of the following separate questions. a. Given comprehensive...

Accounting