Question: Name: Instructions: 1. Write Dr. and Cr. on the correct side of each of the following accounts. 2. Put a plus sign on the side

Name: Instructions: 1. Write Dr. and Cr. on the correct side of each of the following accounts. 2. Put a plus sign on the side the account increases on and a minus sign on the side the account decreases on. 3. Write whether the account is found on the Balance Sheet or on the Income Statement. 4. Give examples of each. For example, cash is an asset. Assets Liabilities Owner's Equity Financial Statement: ex: cash, Financial Statement: ex Financial Statement: ex: Revenue (Income) Expenses Financial Statement: ex: Financial Statement: ex

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

HINT Activity 6.b - More Practice with Building T-Accounts Build a T-account for each part of the expanded accounting equation. (1) Drag the debit "DR" and credit "CR" labels to the appropriate sides...

Part Three Instructions In this part of the practice set, the student will prepare a T-Account for each account and calculate the ending balance in each T-Account. In Blackboard the student will...

create journal entry using the account in picture 1 for picture 2 and 3 The Business This practee set is des ynad to be five parts. in the fiat gart, Fe student will complete the pouthal a-triet by...

Return to page 13 Question 13 (1 point) On December 31, 2020, Peligrino Co. has a long term note payable of $800,000. Of that balance, $100,000 will be paid within one year from the balance sheet...

need help with part 3 Part One, Two and Three Instructions Record the January 2018 transactions in the general journal (last section of this practice set) using the following events. Skip a line...

I need help . Full answer and Solution please PLAYING THE ACCOUNTING EQUATION 1. Naruto Uzumaki is an owner of Konoha Enterprises, a sole proprietorship. The company's total assets is PhP726,000. The...

Need help with part 3 Part One, Two and Three Instructions Record the January 2018 transactions in the general journal (last section of this practice set) using the following events. Skip a line...

Accounting Cycle Tutorial - Drag and Drop Keyboard Instructions To select a card, tab to the card you would like to select and hit enter or space. . To drop a card, tab to the location you would to...

Screen shots are needed and or exported to an excel/word are needed from the quick books ap, sign up is free!!! Register for QuickBooks Online Simple Start 2015: https://qbo.intuit.com For PC and...

I need screen shots of the final proposed answer and or imported into an excel or word doc. Register for QuickBooks Online Simple Start 2015: https://qbo.intuit.com For PC and Mac. It is free Here is...

Prior to closing the deal for Fur Foods.com Dan Reinhardt determines that Fur Foods and Finery.com will need additional funding in Year 4 to continue the growth needed to hit the Year 5 net income...

Look at the data in Table comparing the effectiveness of two ointments on. Conduct the appropriate test to determine if one ointment has a different effectiveness than the other. Use the = 0.05...

If an investment is fairly priced, its NPV A . Should be positive B . Should be equal to the cost of the investment C . Should be greater than the cost of the investment D . Is greater at lower...

You have used a regression model to predict that = 57.22 y=57.22 when = 3.09 x=3.09 y when = 3.09 x=3.09 is = 37.89 =37.89 = 53 n=53 x is = 4.47 x=4.47 and = 2586.03 SXX=2586.03 Group of answer...

3. Evaluate your listeners and tailor your speech to them

4. Locate a persuasive speech that you found particularly compelling. Print it out and edit it, removing any and all of the material that you feel is persuasive in nature (for example, the speakers...

3. Informative speeches are everywherein your classroom, on the news, and in your community. Watch an informative speech (or read a transcript, available at the Web sites of many government agencies...