For each of the following (1) identify the type of account as an asset, liability, equity, revenue, or expense, (2) identify the normal balance of the account, and (3) select debit (Dr.) or credit (Cr.) to identify the kind of entry that would increase the account balance
Account Type of
Account
Normal
Balance Increase
(Dr. or Cr.)
a. Fees Earned (Click to select) (Click to select)DebitCredit (Click to select)DebitCredit
b. Equipment (Click to select) (Click to select)DebitCredit (Click to select)DebitCredit
c. Notes Payable (Click to select) (Click to select)DebitCredit (Click to select)DebitCredit
d. Owner Capital (Click to select) (Click to select)DebitCredit (Click to select)DebitCredit
e. Cash (Click to select) (Click to select)DebitCredit (Click to select)DebitCredit
f. Legal Expense (Click to select) (Click to select)DebitCredit (Click to select)CreditDebit
g. Prepaid Insurance (Click to select) (Click to select)DebitCredit (Click to select)DebitCredit
h. Land (Click to select) (Click to select)DebitCredit (Click to select)DebitCredit
i. Accounts Receivable (Click to select) (Click to select)DebitCredit (Click to select)CreditDebit
j. Owner Withdrawals (Click to select) (Click to select)DebitCredit (Click to select)CreditDebit
k. License Fee Revenue (Click to select) (Click to select)DebitCredit (Click to select)DebitCredit
l. Unearned Revenue (Click to select) (Click to select)DebitCredit (Click to select)DebitCredit
Answers: 3
Other questions on the subject: Business
Business, 22.06.2019 04:40, glenn4572
Select the correct text in the passage. which sentences in the given passage explains the limitations of monetary policies? monetary policies - limitationsmonetary policies are set by the central bank to bring about growth in the economy. de can be achieved these policiesw at anden i sca poit would be fair to say that changes in the economy cannot be brought about instantly by monetary po des. monetary policy can only influence not control, economic growththe monetary policy makers do work on sining the perfect balance between demand and supply of money in the economy
Answers: 3
Business, 22.06.2019 10:00, dtaylor7755
How has internet access changed and affected globalization from 2003 to 2013? a ten percent increase in internet access has had little effect on globalization. a twenty percent decrease in internet access has had little effect on globalization. a thirty percent increase in internet access has sped up globalization. a fifty percent decrease in internet access has slowed down globalization.
Answers: 1
Business, 22.06.2019 14:20, deisyy101
Frugala is when sylvestor puts $2,000 into 10-year state bonds and $3,000 into 5-year aaa-rated bonds in steady hand hardware, inc. he buys the four state bonds at a 5 percent interest rate and the three steady hand bonds at a 6.5 percent rate. sylvestor also buys $1,500 worth of blue chip stocks, and $800 worth of stock in a promising new sportswear company that reinvests its earnings in new growth. 1. (a) what is the maturity for each of the bond groups sylvestor buys? (b) the coupon rate? (c) the par value?
Answers: 3
Business, 22.06.2019 20:00, pickelswolf3036
On january 1, year 1, purl corp. purchased as a long-term investment $500,000 face amount of shaw, inc.’s 8% bonds for $456,200. the bonds were purchased to yield 10% interest. the bonds mature on january 1, year 6, and pay interest annually on january 1. purl uses the effective interest method of amortization. what amount (rounded to nearest $100) should purl report on its december 31, year 2, balance sheet for these held-to-maturity bonds?
Answers: 1
Do you know the correct answer?
For each of the following (1) identify the type of account as an asset, liability, equity, revenue,...
Questions in other subjects:
Mathematics, 10.11.2021 21:00
Health, 10.11.2021 21:10
History, 10.11.2021 21:10
History, 10.11.2021 21:10
Geography, 10.11.2021 21:10
