CH3debitscreditsassessment SOLUTION

CH3debitscreditsassessment SOLUTION - X X 12 Commissions...

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For each account listed below: 1) put a check mark in the appropriate column to indicate if an account is increased by a debit or by a credit. 2) put a check mark in the appropriate column to indicate if an account is a Real (Permanent) or Nominal (Temporary) account. Debit Credit Permanent (Real) Temporary (Nominal) 1. Cash X X 2. Sales Revenue X x 3. Commissions Expense X X 4. Advertising Expense X X 5. Salaries Payable X X 6. Prepaid Insurance X X 7. Property Tax Payable X X 8. Property Tax Expense X X 9. Dividends X X 10. Interest Revenue X X 11. Salaries Expense
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Unformatted text preview: X X 12. Commissions Revenue X X 13. Unearned Rent Revenue X X 14. Equipment X X 15. Note Payable X X 16. Building X X 17. Accounts Payable X X 18. Supplies on Hand X X 19. Accounts Receivable X X 20. Common Stock X X 21. Retained Earnings X X 22. Mortgage Payable X X 23. Note Receivable X X 24. Bank Loan Payable X X 25. Audit Fees Incurred X X 26. Paid in Capital X X 27. Accumulated Depreciation X X 28. Fees Earned X X 29. Utilities Expense X X 30. Utilities Payable X X...
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