The following ledger accounts are used by Rachel Zane Repair Shop: m. Zane, Withdrawals n. Salaries Payable o. Uneamed Revenues p. Office Equipment q. Rent Payable r. Notes Receivable s. Interest Expense t. Notes Payable u. Supplies v. Interest Receivable w. Rent Expense a. Cash b. Salaries Expense c. Accounts Receivable d. Zane, Capital e. Service Revenues f. Prepaid Rent g. Accounts Payable h. Land i. Supplies Expense j. Prepaid Insurance k. Utilities Expense 1. Service Revenues Requirement: Indicate each account's classification and normal balance by placing (/) marks. Type of Account Normal Balance Owner's Equity Asset Liability Zane, Capital Zane, Withdrawak Revenues Expenses Debit Credit b. d. le. h. m. n. o. p. L u. v.
The following ledger accounts are used by Rachel Zane Repair Shop: m. Zane, Withdrawals n. Salaries Payable o. Uneamed Revenues p. Office Equipment q. Rent Payable r. Notes Receivable s. Interest Expense t. Notes Payable u. Supplies v. Interest Receivable w. Rent Expense a. Cash b. Salaries Expense c. Accounts Receivable d. Zane, Capital e. Service Revenues f. Prepaid Rent g. Accounts Payable h. Land i. Supplies Expense j. Prepaid Insurance k. Utilities Expense 1. Service Revenues Requirement: Indicate each account's classification and normal balance by placing (/) marks. Type of Account Normal Balance Owner's Equity Asset Liability Zane, Capital Zane, Withdrawak Revenues Expenses Debit Credit b. d. le. h. m. n. o. p. L u. v.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 7SEB: JOURNALIZING SALES RETURNS AND ALLOWANCES Enter the following transactions starting on page 60 of a...
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