I am currently confused on how you got the numbers for the journal entry or what equations were used to find the total debit and credit amount
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- This is an excersice in my accounting book. I don't understand how you would know if each account is a debit entry, credit entry, or both.How would you know if the withdraw account would be a debit entry, credit entry, or both?How do you know which account debits and credits go in? How do you log into the general journal? General ledger? How do you do the income statements and balance sheets?How do I write journal entries for these separate transactions? And which are debit/credit?
- Asked this question before but the answer does not allow me to scroll and see the account titles and debit/credit. Only shows a grid.The General Ledger Question: What does the general ledger debit/credit account number mean? It is usually entered in the journal reference column. Please Explain.Why did you select those customer accounts? also how to use a cell reference to enterthe answer for the 1st question? ( Whatis the dollar amount of total receivables? Use a cell reference to input your answer)
- I'm not sure what goes on the adjustments debit and credit column. Need help filling out the spreadsheet.Hello. I need assistance comprehending when to debit an account and when to credit. How do you know when to debit and credit.Read the question and record the above Transactions with date,account titles and explanations, debit or credit. Ps: there is an exemple of how you should record the transactions.
- Will an accounts receivable balance increase with a debit or a credit entry? How do you know?Which of the following transactions will require a journal entry? Indicate if it will be a debit or a credit and to what account the entry will be recorded. Select "NA" if not applicable.Bramble Corporation was organized on January 1, 2022. It is authorized to issue 10,500 shares of 8%, $100 par value preferred stock, and 477,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year. Jan. 10 Mar. 1 Apr. May Aug. Issued 75,500 shares of common stock for cash at $4 per share. Issued 5,650 shares of preferred stock for cash at $105 per share. Issued 25,000 shares of common stock for land. The asking price of the land was $86,500. The fair value of the land was $83,000. Issued 84,500 shares of common stock for cash at $4.25 per share. 1 Issued 11,000 shares of common stock to attorneys in payment of their bill of $41,000 for services performed in helping the company organize. Issued 10,000 shares of common stock for cash at $6 per share. 1 Issued 2,500 shares of preferred stock for cash at $111 per share. Sept. Nov. 1 1 1