Question: $ Determine ending Retained Earnings for January 31st. Chapter 2 Page 21 Use the following to answer questions 10-13 Indicate which of the following accounts
$ Determine ending Retained Earnings for January 31st. Chapter 2 Page 21 Use the following to answer questions 10-13 Indicate which of the following accounts should be debited and which should be credited. An example has been provided fex) Purchase Office Supplies in exchange for cash Debit : N (Supplies) Credit: C(Cash)..see below. Only include the letter of the account not the account name. A Accounts payable B Accounts receivable C Cash D. Common stock E. Dividends F. Equipment G. Notes payable H. Prepaid rent Rent expense J. Retained earnings K. Salaries expense L Salaries payable M. Service revenue N. Supplies O Supplies expense P. Utilities expense Account Debited N Account Credited ex Purchase Office Supplies in exchange for cash incurred (used the rent that had been previously paid. 10. 11 Used supplies to help services customer 12 Customers paid for services provided fast month, 13 Purchased equipment byna nott Use the following to answer questions 14.20 Posteach transaction to the accounts below and compute the ending balance of each account. The balances at the beginning of the day are shown in the Taccounts. NOTE: The accounts are only a partial listing of the company's Chart of Accounts Recorded transactions to be boited Debit Credit Debit Credit
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