Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. review the transactions and determine the accounts

Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock,...

80.2K

Verified Solution

Question

Accounting

Review the transactions and determine the accounts, the account types (use assets, liabilities, common stock, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry.
image
image
Record the following transactions as journal entries
image
image
rove your mastery! Your results will report to the gradebook. If you are not ready to submit work fora grade, you can try activities again or attempt the Practice Mastery. Your work will be saved as you work hrough each part. the transactions and determine the accounts, the account types (use assets, liabilities, comm stock, dividends, revenue, and expenses), if they increase/decrease and if they are DR/CR. List accounts in order they would be in the journal entry Received cash from selling shares of stock Account #1 Account Type common stock Increase Account #2 Account Type Paid for repairs to the company truck Account a1 ccount Type Account 82 Account Type Increase/Decrease Debit/Credit 2o 3 6

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Graph two periods of the given cosecant function 1 1 CSC O A X 4...

Mechanical Engineering
1.2K views

A gas turbine expands air adiabatically at 1000 kPa and 550 ⁰C to 120 kPa and...

Accounting
1.2K views

Cordova manufactures three types of stained glass window, cleverly named Products A, B, and C. Information...

Biology
1.2K views

In protein translation one three two four mRNA nucleotide s correspond to one amino acid...

Biology
1.2K views

Un the concentration gradient number of transporters affinity for substrate and Vmax 13 What kind...

Biology
1.2K views

On a trip to a wildlife sanctuary Nathan found a piece of rotting log He...

Algebra
1.2K views

1 55 Which of the following is the correct sequence of the three sections that...

Accounting
1.2K views

1. Compare and Contrast the historical cost principle with the fair value principle. 2. Explain...

Accounting
1.2K views

En esta era de pandemia de COVID, muchas PYMES (especialmente en el sector de alimentos...

Accounting
1.2K views

At the end of the year, before distributions, Bombay (an S corporation) has an accumulated...

Accounting
1.2K views

In the current year, Owens sold land with a basis of $80,000 to Yancey for...

Accounting
1.2K views

i need some help please, the answers i have are not right. ...