EM9.10b General Ledger (Quick Check) Required: 7. What is the balance of the Prepaid Expenses: Insurance account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 8. What is the balance of the Insurance Expense: Liability Insurance Expense account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 9. What is the balance of the Prepaid Expenses: Supplies account? Is it a Debit or Credit balance? Note: Answer this question In the table shown below. Round your answer to 2 decimal places. 10. What is the balance of the Office Supplies & Software Expense account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 11. What is the balance of the Rent & Lease Expense account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 12. What is the balance of the Prepaid Expenses: Rent account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 13. What is the balance of the Sales account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 14. What is the balance of the Unearned Revenue account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 15. What is the balance of the Interest Expense account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 16. What is the balance of the Interest Payable account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 17. What is the balance of the Contractors Expense account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 18. What is the balance of the Legal & Professional Services account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 19. What is the balance of the Accounts Payable account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 20. What is the balance of the Insurance Expense: Renter Insurance Expense account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 21. What is the balance of the VISA Credit Card account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. Account 7. Prepaid Expenses: Insurance account 8. Insurance Expense: Liability Insurance Expense account 9. Prepaid Expenses: Supplies account 10. Office Supplies & Software Expense account 11. Rent & Lease Expense oooount 12. Prepaid Expenses: Rent account 13. Sales account 14. Unearned Revenue account 15. Interest Expense account 16. Interest Payable account 17. Contractors Expense account 18. Legal & Professional Services account 19. Accounts Payable account 20. Insurance Expense: Renter Insurance Expense account 21. VISA Credit Card account Amount Debit or Credit? Debit
EM9.10b General Ledger (Quick Check) Required: 7. What is the balance of the Prepaid Expenses: Insurance account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 8. What is the balance of the Insurance Expense: Liability Insurance Expense account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 9. What is the balance of the Prepaid Expenses: Supplies account? Is it a Debit or Credit balance? Note: Answer this question In the table shown below. Round your answer to 2 decimal places. 10. What is the balance of the Office Supplies & Software Expense account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 11. What is the balance of the Rent & Lease Expense account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 12. What is the balance of the Prepaid Expenses: Rent account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 13. What is the balance of the Sales account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 14. What is the balance of the Unearned Revenue account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 15. What is the balance of the Interest Expense account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 16. What is the balance of the Interest Payable account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 17. What is the balance of the Contractors Expense account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 18. What is the balance of the Legal & Professional Services account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 19. What is the balance of the Accounts Payable account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 20. What is the balance of the Insurance Expense: Renter Insurance Expense account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. 21. What is the balance of the VISA Credit Card account? Is it a Debit or Credit balance? Note: Answer this question in the table shown below. Round your answer to 2 decimal places. Account 7. Prepaid Expenses: Insurance account 8. Insurance Expense: Liability Insurance Expense account 9. Prepaid Expenses: Supplies account 10. Office Supplies & Software Expense account 11. Rent & Lease Expense oooount 12. Prepaid Expenses: Rent account 13. Sales account 14. Unearned Revenue account 15. Interest Expense account 16. Interest Payable account 17. Contractors Expense account 18. Legal & Professional Services account 19. Accounts Payable account 20. Insurance Expense: Renter Insurance Expense account 21. VISA Credit Card account Amount Debit or Credit? Debit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![EM9.10b General Ledger (Quick Check)
Required:
7. What is the balance of the Prepaid Expenses: Insurance account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
8. What is the balance of the Insurance Expense: Liability Insurance Expense account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
9. What is the balance of the Prepaid Expenses: Supplies account? Is it a Debit or Credit balance?
Note: Answer this question In the table shown below. Round your answer to 2 decimal places.
10. What is the balance of the Office Supplies & Software Expense account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
11. What is the balance of the Rent & Lease Expense account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
12. What is the balance of the Prepaid Expenses: Rent account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
13. What is the balance of the Sales account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
14. What is the balance of the Unearned Revenue account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
15. What is the balance of the Interest Expense account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
16. What is the balance of the Interest Payable account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
17. What is the balance of the Contractors Expense account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
18. What is the balance of the Legal & Professional Services account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
19. What is the balance of the Accounts Payable account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
20. What is the balance of the Insurance Expense: Renter Insurance Expense account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
21. What is the balance of the VISA Credit Card account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
Account
7. Prepaid Expenses: Insurance account
8. Insurance Expense: Liability Insurance Expense account
9. Prepaid Expenses: Supplies account
10. Office Supplies & Software Expense account
11. Rent & Lease Expense oooount
12. Prepaid Expenses: Rent account
13. Sales account
14. Unearned Revenue account
15. Interest Expense account
16. Interest Payable account
17. Contractors Expense account
18. Legal & Professional Services account
19. Accounts Payable account
20. Insurance Expense: Renter Insurance Expense account
21. VISA Credit Card account
Amount
Debit or Credit?
Debit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F58fe1696-bfc2-48d2-adb3-30e51354fdf0%2F522f3f38-f3c7-48d2-83de-e313603484bf%2F3tky5o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:EM9.10b General Ledger (Quick Check)
Required:
7. What is the balance of the Prepaid Expenses: Insurance account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
8. What is the balance of the Insurance Expense: Liability Insurance Expense account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
9. What is the balance of the Prepaid Expenses: Supplies account? Is it a Debit or Credit balance?
Note: Answer this question In the table shown below. Round your answer to 2 decimal places.
10. What is the balance of the Office Supplies & Software Expense account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
11. What is the balance of the Rent & Lease Expense account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
12. What is the balance of the Prepaid Expenses: Rent account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
13. What is the balance of the Sales account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
14. What is the balance of the Unearned Revenue account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
15. What is the balance of the Interest Expense account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
16. What is the balance of the Interest Payable account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
17. What is the balance of the Contractors Expense account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
18. What is the balance of the Legal & Professional Services account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
19. What is the balance of the Accounts Payable account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
20. What is the balance of the Insurance Expense: Renter Insurance Expense account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
21. What is the balance of the VISA Credit Card account? Is it a Debit or Credit balance?
Note: Answer this question in the table shown below. Round your answer to 2 decimal places.
Account
7. Prepaid Expenses: Insurance account
8. Insurance Expense: Liability Insurance Expense account
9. Prepaid Expenses: Supplies account
10. Office Supplies & Software Expense account
11. Rent & Lease Expense oooount
12. Prepaid Expenses: Rent account
13. Sales account
14. Unearned Revenue account
15. Interest Expense account
16. Interest Payable account
17. Contractors Expense account
18. Legal & Professional Services account
19. Accounts Payable account
20. Insurance Expense: Renter Insurance Expense account
21. VISA Credit Card account
Amount
Debit or Credit?
Debit
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