Analyze each transaction and match it with the correct journal entry as stated. Be sure to look at each transaction carefully to ensure you make the correct choice. Purchase on account some office equipment Paid for utilities expense Paid the bank back the money previously borrowed on a note Paid the telephone bill received Made a partial payment to a creditor on account Took cash out of the business to pay for a personal bill Record revenues earned, but not collected yet Record internet expenses incurred, but not paid yet Received cash for the return of some equipment that was defective Received Payment from customer on an accounts receivable Made payment to an accounts payable Paid salary for office administrator Dr. Office Equipment; Cr. Acc Dr. Utilities Expense; Cr. Casl Dr. Accounts Payable; Cr. Cas Dr. Telephone Expense; Cr. C Dr. Cash; Cr. Account Receiv Dr. Accounts Payable; Cr.Ca: Dr. Internet Expense; Cr. Acc Dr. Internet Expense; Cr. Acc Dr. Cash; Cr. Account Receivi Dr. Cash; Cr. Account Receiv; Dr. Accounts Payable; Cr. Cas Dr. Salaries Expense; Cr. Casl
Analyze each transaction and match it with the correct journal entry as stated. Be sure to look at each transaction carefully to ensure you make the correct choice. Purchase on account some office equipment Paid for utilities expense Paid the bank back the money previously borrowed on a note Paid the telephone bill received Made a partial payment to a creditor on account Took cash out of the business to pay for a personal bill Record revenues earned, but not collected yet Record internet expenses incurred, but not paid yet Received cash for the return of some equipment that was defective Received Payment from customer on an accounts receivable Made payment to an accounts payable Paid salary for office administrator Dr. Office Equipment; Cr. Acc Dr. Utilities Expense; Cr. Casl Dr. Accounts Payable; Cr. Cas Dr. Telephone Expense; Cr. C Dr. Cash; Cr. Account Receiv Dr. Accounts Payable; Cr.Ca: Dr. Internet Expense; Cr. Acc Dr. Internet Expense; Cr. Acc Dr. Cash; Cr. Account Receivi Dr. Cash; Cr. Account Receiv; Dr. Accounts Payable; Cr. Cas Dr. Salaries Expense; Cr. Casl
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Analyze each transaction and match it with the correct journal entry as stated.
Be sure to look at each transaction carefully to ensure you make the correct choice.
Purchase on account some office equipment
Paid for utilities expense
Paid the bank back the money previously borrowed on a note
Paid the telephone bill received
Made a partial payment to a creditor on account
Took cash out of the business to pay for a personal bill
Record revenues earned, but not collected yet
Record internet expenses incurred, but not paid yet
Received cash for the return of some equipment that was defective
Received Payment from customer on an accounts receivable
Made payment to an accounts payable
Paid salary for office administrator
Dr. Office Equipment; Cr. Acc
Dr. Utilities Expense; Cr. Casl
Dr. Accounts Payable; Cr. Cas
Dr. Telephone Expense; Cr. C✓
Dr. Cash; Cr. Account Receivi
Dr. Accounts Payable; Cr. Ca: ✓
Dr. Internet Expense; Cr. Acc
Dr. Internet Expense; Cr. Acc
Dr. Cash; Cr. Account Receiv:
Dr. Cash; Cr. Account Receivi
Dr. Accounts Payable; Cr. Cas
Dr. Salaries Expense; Cr. Casl
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