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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