om tier tot rieen ni T8 c bing nagmo0 eonsuen erT Account DB CR Revenve bexo 2,500 2500 8. The Insurance Company was paid $1,000 in interest on a bond payable. rleno A Debit/ Credit Effect on Account Account Assot AsseL Cash decrease increase decrease Interest Revenue increase sonsiueni er CR 000,0082 1o epaphorm s no loot gmo Account iber) Vide( inuogA no jostE enibliua eldsys9 ogsphoM OEBG1oeb 61 ©201 ALOSO
om tier tot rieen ni T8 c bing nagmo0 eonsuen erT Account DB CR Revenve bexo 2,500 2500 8. The Insurance Company was paid $1,000 in interest on a bond payable. rleno A Debit/ Credit Effect on Account Account Assot AsseL Cash decrease increase decrease Interest Revenue increase sonsiueni er CR 000,0082 1o epaphorm s no loot gmo Account iber) Vide( inuogA no jostE enibliua eldsys9 ogsphoM OEBG1oeb 61 ©201 ALOSO
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
can somebody explain what goes on the account line, and whether or not i should debit or credit the items.
Thank you

Transcribed Image Text:om tier tot rieen ni T8 c bing nagmo0 eonsuen erT
Account
DB
CR
Revenve
bexo
2,500
2500
8.
The Insurance Company was paid $1,000 in interest on a bond payable.
rleno
A
Debit/ Credit
Effect on Account
Account
Assot
AsseL
Cash
decrease
increase
decrease
Interest Revenue
increase
sonsiueni er
CR
000,0082 1o epaphorm s no loot gmo
Account
iber) Vide(
inuogA no jostE
enibliua
eldsys9 ogsphoM
OEBG1oeb
61
©201
ALOSO
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