hmwk_ch2 - PRACTICE EXERCISES PE 2–1A Nov 23 Office...

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Unformatted text preview: PRACTICE EXERCISES PE 2–1A Nov. 23 Office Equipment.................................................. 13,750 Cash.................................................................. 5,000 Accounts Payable .......................................... 8,750 PE 2–1B Mar. 13 Office Supplies..................................................... 6,500 Cash.................................................................. 1,300 Accounts Payable........................................... 5,200 PE 2–2A Feb. 2 Accounts Receivable........................................... 6,300 Fees Earned..................................................... 6,300 PE 2–2B Jan. 21 Cash....................................................................... 1,250 Fees Earned..................................................... 1,250 PE 2–3A Oct. 31 Dividends............................................................... 4,500 Cash.................................................................. 4,500 PE 2–3B July 31 Dividends............................................................... 7,250 Cash.................................................................. 7,250 PE 2–4A 1. Debit and credit entries, normal credit balance 2. Debit and credit entries, normal debit balance 3. Debit entries only, normal debit balance 4. Credit entries only, normal credit balance 5. Debit and credit entries, normal credit balance 6. Credit entries only, normal credit balance PE 2–4B 1. Debit and credit entries, normal debit balance 2. Credit entries only, normal credit balance 3. Debit entries only, normal debit balance 4. Debit entries only, normal debit balance 5. Debit and credit entries, normal credit balance 6. Debit and credit Ex. 2–4 a. and b. Account Debited Account Credited Transaction Type Effect Type Effect (1) asset + capital stock + (2) asset + asset – (3) asset + asset – liability + (4) expense + asset – (5) asset + revenue + (6) liability – asset – (7) asset + asset – (8) dividends + asset – (9) expense + asset – Ex. 2–5 (1) Cash.......................................................................Cash....
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This note was uploaded on 04/27/2008 for the course ACG 2021 taught by Professor Cobb during the Spring '08 term at Saint Petersburg.

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hmwk_ch2 - PRACTICE EXERCISES PE 2–1A Nov 23 Office...

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