Unit_3_Assignment-Trenton_Bibbs

Unit_3_Assignment-Trenton_Bibbs - Exercise 2-4 Name:...

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Exercise 2-4 Name: Trenton Bibbs Section: 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 ## ##
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Exercise 2-7 Name: Trenton Bibbs Section: 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 ###
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This note was uploaded on 03/14/2011 for the course ACCOUNTING 114 taught by Professor Hongzhao during the Spring '11 term at Kaplan University.

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Unit_3_Assignment-Trenton_Bibbs - Exercise 2-4 Name:...

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