PRETEST Directions: Draw sign if the account increases owner's equity, sign if it sign If no effect in a yellow paper. decreases owner's equity account and Let u start your journey in learning more on SCE I am sure you ane ready and excitend to ansuer the Pretent. Enjoy ansuering 1. Initial investment 11. Professional Fees 12. Transportation Expense 13. Rental Revenue 14 Payment of Liability 15. Supplies 16. Equipment 17. Depreciation Expense 2. Rent expense Service revenue Capital Drawing Salaries 5. Additional investment Cost of Goods Sold Accounts Payable Allowance for Bad Debts 7. 8. 9. 18. Land 19. Prepaid Expenses 20. Withdrawals 10. 3456
PRETEST Directions: Draw sign if the account increases owner's equity, sign if it sign If no effect in a yellow paper. decreases owner's equity account and Let u start your journey in learning more on SCE I am sure you ane ready and excitend to ansuer the Pretent. Enjoy ansuering 1. Initial investment 11. Professional Fees 12. Transportation Expense 13. Rental Revenue 14 Payment of Liability 15. Supplies 16. Equipment 17. Depreciation Expense 2. Rent expense Service revenue Capital Drawing Salaries 5. Additional investment Cost of Goods Sold Accounts Payable Allowance for Bad Debts 7. 8. 9. 18. Land 19. Prepaid Expenses 20. Withdrawals 10. 3456
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Kindly answer the pretest only.

Transcribed Image Text:Learning Module for Accountancy, Business and Management
Preparation of SCE in a
single proprietorship
LESSON
EXPECTATIONS
You will represent real-life situations using statement of changes in equity
Specifically, this module will help you:
prepare a statement of changes in equity for a single proprietorship
business.
PRETEST
Directions: Draw + sign if the account increases owner's equity, sign if it
decreases owner's equity account and sigm If no effect in a yellow paper.
Let us start your
journey in learning more on
SCE I am sure you ane ready
and excited to ansuer the
Pretest. Enjoy ansuenng
Initial investment
Rent expense
1.
Professional Fees
Transportation Expense
13. Rental Revenue
14. Payment of Liability
15 Supplies
Equipment
17. Depreciation Expense
18. Land
19. Prepaid Expenses
20. Withdrawals
1.
2.
12.
3.
Capital
Drawing
Salaries
Additional investment
Cost of Goods Sold
Accounts Payable
Allowance for Bad Debts
Service revenue
4.
5.
6.
16.
7.
8.
9.
10.
Great, you finished ansueering the
questiona. You may request your
facilitator to check your work.
Congratulations and
leaming
keep
LOOKING BACK TO YOUR LESSON
Directions: Match column A with Column B. Write letters only.
Column B
Column A
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education