For the following entry, using the  Chart of Accounts provided, clearly specify which account number is debited and which account number is credited.

Received interest revenue from the bank..

Transcribed Image Text:

QUIZ 1 CHART OF ACCOUNTS Service Business using Accrual Accounting Account Number Account Title 101 110 115 116 118 130 131 135 136 201 203 205 209 210 301 302 401 402 501 503 505 508 520 530 542 560 580 582 685 Cash at Bank Accounts Receivable Prepaid Insurance Prepaid Rent Office Supplies Computer Equipment Accumulated Depreciation-Computer Equipment Offion Equipment Accumulated Depreciation Office Equipment Accounts Payable Wages Payable Unearned Revenue Interest Payable Loan Payable Capital Drawings Service Revenue Interest Revenue Advertising Expense Bank Charges Depreciation Expense-Computer Equipment Depreciation Expense Office Equipment Insurance Expense Interest Expense Office Supplies Expense Rent Expense Telephone and internet Expense Usines Expense Wages Expanse QUIZ 1 CHART OF ACCOUNTS Service Business using Accrual Accounting Account Number Account Title 101 110 115 116 118 130 131 135 136 201 203 205 209 210 301 302 401 402 501 503 505 508 520 530 542 560 580 582 685 Cash at Bank Accounts Receivable Prepaid Insurance Prepaid Rent Office Supplies Computer Equipment Accumulated Depreciation-Computer Equipment Offion Equipment Accumulated Depreciation Office Equipment Accounts Payable Wages Payable Unearned Revenue Interest Payable Loan Payable Capital Drawings Service Revenue Interest Revenue Advertising Expense Bank Charges Depreciation Expense-Computer Equipment Depreciation Expense Office Equipment Insurance Expense Interest Expense Office Supplies Expense Rent Expense Telephone and internet Expense Usines Expense Wages Expanse

Answer rating: 100% (QA)

1 101 Cash at Bank Debit balance 2 110 Account Receivable Debit balance 3 115 Prepaid insurance Debi... View the full answer