Question: Nicole Manico is a computer consultant. Shown below are (a) several accounts in her with each account preceded by an identification number, and (b) several
Nicole Manico is a computer consultant. Shown below are (a) several accounts in her with each account preceded by an identification number, and (b) several transactions Manico's corporation. Indicate the accounts debited and credited when recording each placing the proper account identification numbers to the right of each transaction and answer on the Answer Sheet Page 1. Accounts Payable Accounts Receivable Cash Consulting Fees Earned Office Supplies Office Supplies Expense Telephone Expense Unearned Consulting Fees Common Stock Dividends Insurance Expense Prepaid Insurance Example: Completed consulting work for a client who will pay at a later date > 2 A. Received cash in advance from a customer for designing a software package > B. Purchased office supplies on credit > C. Paid for the Office supplies purchased in B > D. Received the telephone bill of the business and immediately paid it > E. Paid for a three (3) year insurance policy >
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