1. Identify which accounts are affected in each transaction. Keep in mind that every transaction...
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1. Identify which accounts are affected in each transaction. Keep in mind that every transaction involves at least two accounts. Determine whether the account increases or decreases and record each increase or decrease following the rules of debit and credit. Remember total debits should equal total credits in your entries. 2. Prepare T accounts, using the account titles in (1). Post the journal entries to these T accounts, selecting the appropriate letter to the left of each amount to identify the transactions. Determine the account balances (when required), after all posting is complete, for all accounts having two or more debits or credits. 6:49 .II 5G Chapter 2 Homework 1. PE.02.05.ALGO 2. EX.02.05 3. EX.02.06 4. PR.02.02.ALGO 5. EX.02.07 6. EX.02.04 7. EX.02.09 Fees Earned Rent Expense Office Salaries Expense Automobile Expense Miscellaneous Expense 1. Identify which accounts are affected in each transaction. Keep in mind that every transaction involves at least two accounts. Determine whether the account increases or decreases and record each increase or decrease following the rules of debit and credit. Remember total debits should equal total credits in your entries. 2. Prepare T accounts, using the account titles in (1). Post the journal entries to these T accounts, selecting the appropriate letter to the left of each amount to identify the transactions. Determine the account balances (when required), after all posting is complete, for all accounts having two or more debits or credits. 6:49 .II 5G Chapter 2 Homework 1. PE.02.05.ALGO 2. EX.02.05 3. EX.02.06 4. PR.02.02.ALGO 5. EX.02.07 6. EX.02.04 7. EX.02.09 Fees Earned Rent Expense Office Salaries Expense Automobile Expense Miscellaneous Expense
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1. Identify which accounts are affected in each transaction. Keep in mind that every transaction involves at least two accounts. Determine whether the account increases or decreases and record each increase or decrease following the rules of debit and credit. Remember total debits should equal total credits in your entries. 2. Prepare T accounts, using the account titles in (1). Post the journal entries to these T accounts, selecting the appropriate letter to the left of each amount to identify the transactions. Determine the account balances (when required), after all posting is complete, for all accounts having two or more debits or credits. 6:49 .II 5G Chapter 2 Homework 1. PE.02.05.ALGO 2. EX.02.05 3. EX.02.06 4. PR.02.02.ALGO 5. EX.02.07 6. EX.02.04 7. EX.02.09 Fees Earned Rent Expense Office Salaries Expense Automobile Expense Miscellaneous Expense 1. Identify which accounts are affected in each transaction. Keep in mind that every transaction involves at least two accounts. Determine whether the account increases or decreases and record each increase or decrease following the rules of debit and credit. Remember total debits should equal total credits in your entries. 2. Prepare T accounts, using the account titles in (1). Post the journal entries to these T accounts, selecting the appropriate letter to the left of each amount to identify the transactions. Determine the account balances (when required), after all posting is complete, for all accounts having two or more debits or credits. 6:49 .II 5G Chapter 2 Homework 1. PE.02.05.ALGO 2. EX.02.05 3. EX.02.06 4. PR.02.02.ALGO 5. EX.02.07 6. EX.02.04 7. EX.02.09 Fees Earned Rent Expense Office Salaries Expense Automobile Expense Miscellaneous Expense 