Question: Question Seven (4%) indicate whether a debit (DR) or a credit (CR) entry would be made to record the following changes in each account. CR
Question Seven (4%) indicate whether a debit (DR) or a credit (CR) entry would be made to record the following changes in each account. CR (a) To decrease Cash CR (b) To increase Owner, Capital (c) To decrease Accounts Payable (d) To increase Salaries Expense. CR (e) To decrease Supplies. CR (f) To increase Revenue. Ich @ To decrease Accounts Receivable. DR (h) To increase Owner, Withdrawals. Question Eight (10%) Record the following transactions by making entries directly to the T-accounts provided. (el) Caren Krispy began an auditing firm by investing $10,000 cash and a computer equipment (6) Purchased equipment from Johnson Bros. on credit, $2,500. le) Completed auditing work and received $1,000 cash in full payment (d) Paid Johnson Bros. $2.500 for the amount owed re) Completed auditing work for clients on credit, $3,500. Caren Krispy withdrew $500 cash from the practice for personal use Received $3.500 for the audit work completed for the clients in Transaction e. Paid secretary's salary, $2,000 Aconuts Recenalle Cash Egyment B Acounts Payale D G Caren Koop Aude Revene Caren Knopy Wahlawal F Salary Expense A
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