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. Provided services on account Account il 1 . Account Type Increasepecrease Debiteredit Account \#2 Account Type increaserpecrease Debiticredit: Collected cash for future services Account \#1 Account Type IncreaserDecrease Debicciedit. Account \#2. Account Type Increased Decrease Debiticredit. Bought a company truck by signing a note at the bank Account di] Account Type IncreaselDecrease DebitiCredit. Account 22 Account Type increateDecrease Dekiencredit. Common stock was issued to stockholders for cash Account At Account Type increase/Decreake Debitucredit Acroun wR. Account Type Increasedecrease Debevcredit 2 Record the following transactions as journal entries. Prepaid 58,000 cash for rent. Purchased 56,000 of office supplies on account. Paid 58,000 cash for rent. Paid $5 , 000 for repairs to the company truck Paid $6 , 000 for advertising in the local paper
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Contemporary philippine arts from the regions_PPT_Module_12 [Autosaved] (1).pptx
Review the transactions and determine the accounts- the account types.docx
1. 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. Provided services on account
Account il 1 . Account Type Increasepecrease Debiteredit Account #2 Account Type
increaserpecrease Debiticredit: Collected cash for future services Account #1 Account Type
IncreaserDecrease Debicciedit. Account #2. Account Type Increased Decrease Debiticredit.
Bought a company truck by signing a note at the bank Account di] Account Type
IncreaselDecrease DebitiCredit. Account 22 Account Type increateDecrease Dekiencredit.
Common stock was issued to stockholders for cash Account At Account Type increase/Decreake
Debitucredit Acroun wR. Account Type Increasedecrease Debevcredit 2 Record the following
transactions as journal entries. Prepaid 58,000 cash for rent. Purchased 56,000 of office supplies
on account. Paid 58,000 cash for rent. Paid $5 , 000 for repairs to the company truck Paid $6 ,
000 for advertising in the local paper
![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. Provided services on account
Account il 1 . Account Type Increasepecrease Debiteredit Account #2 Account Type
increaserpecrease Debiticredit: Collected cash for future services Account #1 Account Type
IncreaserDecrease Debicciedit. Account #2. Account Type Increased Decrease Debiticredit.
Bought a company truck by signing a note at the bank Account di] Account Type
IncreaselDecrease DebitiCredit. Account 22 Account Type increateDecrease Dekiencredit.
Common stock was issued to stockholders for cash Account At Account Type increase/Decreake
Debitucredit Acroun wR. Account Type Increasedecrease Debevcredit 2 Record the following
transactions as journal entries. Prepaid 58,000 cash for rent. Purchased 56,000 of office supplies
on account. Paid 58,000 cash for rent. Paid $5 , 000 for repairs to the company truck Paid $6 ,
000 for advertising in the local paper](https://image.slidesharecdn.com/reviewthetransactionsanddeterminetheaccounts-theaccounttypes-230222114143-77e6535a/85/review-the-transactions-and-determine-the-accounts-the-account-typesdocx-1-320.jpg)
