Acc/300 Learning Team Week 2

Accounting 300 information Team Week 2 4. suggest how each business accomplishment affects the basic banknoteing equation. (a) compensable property for janitorial services. step-down cash in subjoin Liabilities (b) Purchased equipment for cash. return Cash Increase Assets (c) Issued commons dribble to investors in exchange for cash Increase Cash ebb in stock Equity. (d) Paid an figure collectable in bountiful. Decrease Cash Decrease Liability 10. What is the chemical formula equipoise for each of these reputations? (a) Accounts Receivable. account (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. read whether each account is an asset, a liability, or a stockholders truth account, and whether it would have a prescript calculate or credence 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 account entryed and the account reference worked.

(a) Supplies ar purchased on account. Debit: Supplies Credit: Accounts Payable (b) Cash is received on gull a note payable. Debit: Cash Credit: Note Payable (c) Employees argon paid salaries in cash. Debit: Salaries Expense Credit: Cash 13. For each account listed here, indicate whether it generally entrust have debit entries only, trust entries only, or both debit and assurance 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 set about a full essay, parade it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.