Question: 1) When passing a journal entry for this transaction what would be credited? Billed customers $4000 for delivery services rendered *Owner's Equity A/c *Customers A/c

1) When passing a journal entry for this transaction what would be credited? "Billed customers $4000 for delivery services rendered" *Owner's Equity A/c *Customers A/c *Cash A/c *Sales Revenue A/c 2)When passing a journal entry for this transaction what would be credited? "Received cash $15,000 for delivery services rendered to customer" *Sales Revenue A/c *Cash A/c *Owner's Equity A/c *Accounts Receivable A/c 3)When passing a journal entry for this transaction what would be credited? "Bought delivery truck on cash for $17,000" *Delivery truck A/c *Cash A/c *Owner's Equity A/c *Sales Revenue A/c 4)When passing a journal entry for this transaction what would be credited? "Owner paid personal telephone bill of $150 from company's chequebook" *Cash A/c *Telephone Expense A/c *Sales Revenue A/c *Owner's Equity A/c 5)When passing a journal entry for this transaction what would be debited? "Bought delivery truck on cash for $17,000" *Delivery truck A/c *Owner's Equity A/c *Sales Revenue A/c *Cash A/c 6)When passing a journal entry for this transaction what would be debited? "$700 advertising bill received but is yet unpaid" *Advertising Expense A/c *Owner's Equity A/c *Accounts Payable A/c *Cash A/c 7)When passing a journal entry for this transaction what would be debited? "Owner paid personal telephone bill of $150 from company's chequebook" *Cash A/c *Telephone Expense A/c *Owner's Equity A/c *Sales Revenue A/c 8)When passing a journal entry for this transaction what would be debited? "Billed customers $4000 for delivery services rendered" *Owner's Equity A/c *Customers A/c *Cash A/c *Sales Revenue A/c 9)When passing a journal entry for this transaction what would be debited? "Received cash $15,000 for delivery services rendered to customer" *Sales Revenue A/c *Cash A/c *Owner's Equity A/c *Accounts Receivable A/c 10)When passing a journal entry for this transaction what would be credited "$700 advertising bill received but is yet unpaid" *Owner's Equity A/c *Advertising Expense A/c *Accounts Receivable A/c *Advertiser A/c

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