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Jennifer Johnson 296_AC114 TEXTBOOK EXERCISES UNIT 3 Homework

Jennifer Johnson 296_AC114 TEXTBOOK EXERCISES UNIT 3 Homework

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Unformatted text preview: Exercise 2-4 Name: Jennifer Johnson Section: AC114-03 Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to an incorrect item or amount in the outlined cells. Account Debited Account Credited Transaction Type Effect Type Effect (1) Asset + Owner's Equity + (2) Asset + Asset − (3) Asset + Asset − Liability + (4) Expense + Asset − (5) Asset + Revenue + (6) Liability − Asset − (7) Asset + Asset − (8) Expense + Asset − (9) Drawing + Asset − Exercise 2-7 Name: Jennifer Johnson Section: AC114-03 Enter the appropriate amount or item in the shaded cells. An asterisk (*) will appear next to or below an incorrect entry in the outlined cells. Account Financial Statement 1. Accounts Payable c. Both debit and credit entries 2. Accounts Receivable c. Both debit and credit entries 3. Cash c. Both debit and credit entries 4. Fees Earned b. Credit entries only 5. Insurance Expense a. Debit entries only Exercise 2-8 Name: Jennifer Johnson Section: AC114-03...
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  • Spring '10
  • IrynaOreshkova
  • Generally Accepted Accounting Principles, Dr. Cr, Balance Dr. Cr, ITEM POST REF, Equity Asset Asset Liability Asset Revenue Asset Asset Asset Asset Effect

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Jennifer Johnson 296_AC114 TEXTBOOK EXERCISES UNIT 3 Homework

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