For the entries below, identify the account to be debited and the account to be credited....

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For the entries below, identify the account to be debited and the account to be credited. Indicate which of the accounts is the income statement account and which is the balance sheet account. Assume the company records prepayments of expenses in asset accounts, and cash receipts of unearned revenues in liability accounts. a. Entry to record consulting services performed but not yet billed or recorded. b. Entry to record sêrvice revenues performed but not yet billed or recorded. c. Entry to record rent expense incurred but not yet paid. d. Entry to record expiration of prepaid rent. e. Entry to record supplies used as supplies expense. Accounts a. Account to be debited a. Account to be credited b. Account to be debited b. Account to be credited c. Account to be debited c. Account to be credited d. Account to be debited d. Account to be credited e. Account to be debited e. Account to be credited Account Title Financial Statement 4 edited ebited redited ebited redited lebited credited lebited credited Insurance expense Interest revenue Services revenue Dited edited bited dited bited edited bited edited Accounts receivable Accrued expenses payable Janitorial expense bited edited bited edited bited edited Accounts receivable Rent expense Wages payable edited bited edited Interest expense Prepaid insurance Prepaid rent ted dited ited dited bited dited Accumulated depreciation Depreciation expense Supplies For the entries below, identify the account to be debited and the account to be credited. Indicate which of the accounts is the income statement account and which is the balance sheet account. Assume the company records prepayments of expenses in asset accounts, and cash receipts of unearned revenues in liability accounts. a. Entry to record consulting services performed but not yet billed or recorded. b. Entry to record sêrvice revenues performed but not yet billed or recorded. c. Entry to record rent expense incurred but not yet paid. d. Entry to record expiration of prepaid rent. e. Entry to record supplies used as supplies expense. Accounts a. Account to be debited a. Account to be credited b. Account to be debited b. Account to be credited c. Account to be debited c. Account to be credited d. Account to be debited d. Account to be credited e. Account to be debited e. Account to be credited Account Title Financial Statement 4 edited ebited redited ebited redited lebited credited lebited credited Insurance expense Interest revenue Services revenue Dited edited bited dited bited edited bited edited Accounts receivable Accrued expenses payable Janitorial expense bited edited bited edited bited edited Accounts receivable Rent expense Wages payable edited bited edited Interest expense Prepaid insurance Prepaid rent ted dited ited dited bited dited Accumulated depreciation Depreciation expense Supplies

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Accounts Account Title Financial Statement a Account to be debited Unearned revenue Balance Sheet a ... View the full answer