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ACCOUNT Insurance Expense DATE ITEM ACCOUNT Supplies Expense DATE ITEM POST. REF. POST. REF. DEBIT DEBIT ACCOUNT NO. CREDIT BALANCE CREDIT DEBIT ACCOUNT NO. BALANCE DEBIT 520 CREDIT 540 CREDIT

ACCOUNT Insurance Expense DATE ITEM ACCOUNT Supplies Expense DATE ITEM POST. REF. POST. REF. DEBIT DEBIT ACCOUNT NO. CREDIT BALANCE CREDIT DEBIT ACCOUNT NO. BALANCE DEBIT 520 CREDIT 540 CREDIT

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 6PB: Indicate how changes in these types of accounts would be recorded (Dr for debit; Cr for credit)....
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Fill in the blank ledgers using the completed worksheet.

ACCOUNT Insurance Expense DATE ITEM ACCOUNT Supplies Expense DATE ITEM POST. REF. POST. REF. DEBIT DEBIT ACCOUNT NO. CREDIT BALANCE CREDIT DEBIT ACCOUNT NO. BALANCE DEBIT 520 CREDIT 540 CREDIT
Transcribed Image Text:ACCOUNT Insurance Expense DATE ITEM ACCOUNT Supplies Expense DATE ITEM POST. REF. POST. REF. DEBIT DEBIT ACCOUNT NO. CREDIT BALANCE CREDIT DEBIT ACCOUNT NO. BALANCE DEBIT 520 CREDIT 540 CREDIT
Account Title Cash Petty Cash Accounts receivable Supplies Insurance Accounts payable Ray Brown, Capital Ray Brown, Drawings Income Summary Sales Advertising expense Insurance expense Miscellaneous expense Supplies expense Utilities expense Net Income $ $ S $ $ S S Trial Balance $ Debit 21,980.00 300.00 6,250.00 12,100.00 3,600.00 S 2,530.00 7,000.00 780.00 5,560.00 Credit $ 1,100.00 $ 10,000.00 $ 49,000.00 Browns plumbing and heating For the fiscal period Ending December 31st, 20xx $ $ Debit Adjustments 2,700.00 6,500.00 Credit $ 6,500.00 $ 2,700.00 Income Statement Debit $ 2,530.00 $ $ 2,700.00 780.00 $ 6,500.00 S 5,560.00 $ 30,930.00 Credit $ 49,000.00 $ $ S $ S $ Balance Sheet Debit 21,980.00 300.00 6,250.00 5,600.00 900.00 7,000.00 Credit $ 1,100.00 $ 10,000.00 $ $ 42,030.00 $ 30,930.00 42,030.00
Transcribed Image Text:Account Title Cash Petty Cash Accounts receivable Supplies Insurance Accounts payable Ray Brown, Capital Ray Brown, Drawings Income Summary Sales Advertising expense Insurance expense Miscellaneous expense Supplies expense Utilities expense Net Income $ $ S $ $ S S Trial Balance $ Debit 21,980.00 300.00 6,250.00 12,100.00 3,600.00 S 2,530.00 7,000.00 780.00 5,560.00 Credit $ 1,100.00 $ 10,000.00 $ 49,000.00 Browns plumbing and heating For the fiscal period Ending December 31st, 20xx $ $ Debit Adjustments 2,700.00 6,500.00 Credit $ 6,500.00 $ 2,700.00 Income Statement Debit $ 2,530.00 $ $ 2,700.00 780.00 $ 6,500.00 S 5,560.00 $ 30,930.00 Credit $ 49,000.00 $ $ S $ S $ Balance Sheet Debit 21,980.00 300.00 6,250.00 5,600.00 900.00 7,000.00 Credit $ 1,100.00 $ 10,000.00 $ $ 42,030.00 $ 30,930.00 42,030.00
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