Answer to: A debit to an expense account will: a. Decrease owner's equity b. Decrease liabilities c. Increase owner's equity d. Decrease assets By...
Salaries Expense h. Interest Revenue l. Office Supplies QS 2-4 Identify whether a debit or credit yields the indicated change for each of the following accounts. Analyzing debit or credit a. To increase Land f. To decrease Prepaid Insurance by account b. To decrease Cash g. To increase ...
True or false? Paying employees' salaries for the current period is recorded with a debit to Salaries Expense. The wage and salaries expense account is an operating expense account debited for total net pay each payroll period. True or ...
A debit to Salaries Payable and a credit to Cash. 25、HCF, finance company, lends Able Business $2,400 at 5% for 3 months on December 1,2001. What should HCF’s adjusting entry on December 31,2001 include? A credit to Interest Earned for $10. 26、Josh’s Computer Business owns ...
(7)The total for the debit side of the Balance Sheet in the work sheet is the total of Assets. (F) (8)At the end of the accounting period, only the revenue and expense accounts should be closed. (F) Chapter Seven (1)A merchandising business needs to purchase the goods it sells fir...
In the following account, indicate how to increase or decrease (debit or credit) each account, and indicate its normal balance (debit or credit): Purchases. If the Salaries Expense account was increased, would this be recorded as a debit or a credit?
(s): 应计收入: adjusting entries for 应计收入的调整分录 as class of adjusting entries 作为调整分录一种的应计收入 overstatement of 应计收入的夸大 Accrued salaries: 应计未付报酬: adjusting entries for 应计未付报酬的调整分录 Accrued wages: 应计未付工资: failure to record 未记录应计未付工资 ...
Tax refunds usually are issued either as checks and sent by U.S. mail or as direct deposits to the taxpayer’s bank account. Alternatively, taxpayers can use a refund to buy U.S.Series I savings bondsor have it loaded on aprepaid debit card. The fastest way to get a refund is to ...
Which of the accounts below would be closed by making a debit to the account? a. Unearned Revenue b. Fees Earned c. Jeff Ritter, Drawing d. Rent Expense 4. Which of the following accounts ordinarily appears in the post-closing trial balance? a. Bill Smith, Drawing b. Supplies Expense ...
There's something powerful about handing over a stack of $20 bills for a purchase. You have to confront the money you're about to spend and accept that the spending is worth it. Swiping adebit card, on the other hand, may not feel nearly as real. ...