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Accounting Journal Entries - Chapters 1 - 9 & 11 questions with correct answers. $11.49   Add to cart
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Accounting Journal Entries - Chapters 1 - 9 & 11 questions with correct answers.
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  • Course
  • Accounting 101
  • Institution
  • Accounting 101

Accounting Journal Entries - Chapters 1 - 9 & 11 questions with correct answers.

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Document information

  • August 29, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • accounting journal entries chapters q

Written for

  • Accounting 101
  • Accounting 101

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Professorkaylee

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Accounting Journal Entries - Chapters 1
- 9 & 11 questions with correct answers.

Chapter 2



Owner contribution of cash for equity ANS - Debit Cash



Credit Owner, Capital



Chapter 2



Paid cash for land ANS - Debit Land



Credit Cash



Chapter 2



Purchased office supplies on account ANS - Debit Office Supplies



Credit Accounts Payable



Chapter 2



Received cash for services performed ANS - Debit Cash



Credit Service Revenue

,Chapter 2



Performed services on credit ANS - Debit Accounts Receivable



Credit Service Revenue



Chapter 2



Paid cash for expenses ANS - Debit each expense account



Credit Cash



Chapter 2



Paid cash on account ANS - Debit Accounts Payable



Credit Cash



Chapter 2



Received cash on account ANS - Debit Cash



Credit Accounts Receivable



Chapter 2



Owner withdrawals of cash ANS - Debit Owner, Withdrawals



Credit Cash

, Chapter 2



Paid rent in advance ANS - Debit Prepaid Rent



Credit Cash



Chapter 2



Paid salaries ANS - Debit Salaries Expense



Credit Cash



Chapter 2



Purchased building with note ANS - Debit Building



Credit Notes Payable



Chapter 2



Owner contribution of furniture for equity ANS - Debit Furniture



Credit Owner, Capital



Chapter 2



Collected cash for future services ANS - Debit Cash

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