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Unformatted text preview: the book value. It just spreads the cost of the item out over its life span. 15. Revenue would be credited and Asset would be credited 17. + 800 rev + 300 exp 800-300=500 19. a. debit expense b. credit prepaid expense c. debit prepaid expense d. credit expense e. credit expense f. debit expense 20. a. credit cash b. equipment debited c. revenue debited d. revenue debited e. revenue credited f. cash credited...
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This note was uploaded on 03/30/2008 for the course ACC ACC210 taught by Professor Unknown during the Spring '06 term at N.C. State.
- Spring '06
- Fiscal Year