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
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