achivmt_test_answ2

achivmt_test_answ2 - 9th Edition Financial and Managerial...

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9th Edition Financial and Managerial Accounting Warren/Reeve Chapter Test 2A PROBLEM 1—DEBIT AND CREDIT— A
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TEST 2A (Concluded) INSTRUCTIONS: Indicate the manner in which each of the increases and decreases in the accounts listed below would be recorded by placing a check mark in the debit column or the credit column at the right. Answers Debit Credit 0. Notes Payable is decreased . ..................................................................... 0. ____ 1. Alex Small, Drawing is increased . ............................................................. 1. ____ 2. Accounts Payable is decreased . ................................................................ 2. ____ 3. Fees earned is decreased . ........................................................................ 3. ____ 4. Supplies Expense is increased . ................................................................. 4. ____ For Scoring
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5. Wages Expense is decreased . .................................................................. 5. ____ 6. Supplies is increased . ................................................................................ 6. ____ 7. Automobile is decreased . .......................................................................... 7. ____ 8. Accounts Receivable is increased . ............................................................ 8. ____ 9. Cash is decreased . .................................................................................... 9. ____ 10. Insurance Expense is increased . ............................................................... 10. ____ PROBLEM 2—ANALYSIS OF TRANSACTIONS INSTRUCTIONS: For Bush Designs, indicate the accounts to be debited and credited in recording the selected
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TEST 2A (Concluded) transactions described below by inserting the letter designation for the accounts in the appropriate columns. A. Accounts Payable
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achivmt_test_answ2 - 9th Edition Financial and Managerial...

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