Question: please elaborate each question im having a hard time understanding these problems even after reading i still have problem understanding . this is accounting I


1. State for each account whether it is likely to have (a) debit entries only, (b) credit entries only, or (c) both debit and credit entries. Also indicate its normal balance. 1.Amber Saunders, Drawing 2.Accounts Payable 3.Cash 4.Fees Earned 5.Supplies 6.Utilities Expense 2. Prepare a journal entry for the purchase of a truck on June 3 for $42,500, paying $8,500 cash and the remainder on account. 3. The following errors took place in journalizing and posting transactions: a. A withdrawal of $6,000 by Cheri Ramey, owner of the business, was recorded as a debit to Office 6.Utilities Expense 2. Prepare a journal entry for the purchase of a truck on June 3 for $42,500, paying $8,500 cash and the remainder on account. 3. The following errors took place in journalizing and posting transactions: a. A withdrawal of $6,000 by Cheri Ramey, owner of the business, was recorded as a debit to Office Salaries Expense and a credit to Cash. b. Utilities Expense of $4,500 paid for the current month was recorded as a debit to Miscellaneous Expense and a credit to Accounts Payable. Journalize the entries to correct the errors. Omit explanations
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