题目
单项选择题
The right side of a T-account is a(n):
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Consider how a T-account is structured: it has a left side (debit) and a right side (credit). In standard accounting practice, the right-hand side is the credit side, which is used to record increases in lia......Login to view full explanation登录即可查看完整答案
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During the month of December 2019, Moe's Mowing, Inc. incurred the following transactions.1. Record the business transactions in the respective T-accounts.a) To begin operations, the owner deposited $15,000 cash in the business's bank account. The business received the cash and issued shares to the owner.Blank 1 Question 18[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be debited by $15,000Blank 2 Question 18[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be credited by $15,000.b) The business paid $750 cash in utilities expense.Blank 3 Question 18[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be debited by $750Blank 4 Question 18[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be credited by $750.c) The business purchased equipment for $2,150 on account payable.Blank 5 Question 18[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be debited by $2,150Blank 6 Question 18[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be credited by $2,150.d) The business provided $3,100 of services to a customer on account receivable.Blank 7 Question 18[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be debited by $3,100Blank 8 Question 18[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be credited by $3,100.e) The business purchased supplies inventory for $600 cash.Blank 9 Question 18[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be debited by $600Blank 10 Question 18[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be credited by $600.2. The balance of the Cash account on December 31, 2019, is Blank 11 Question 18[select: , Debit by $15,000, Debit by $14,600, Debit by $13,650, Debit by $11,500, Credit by $9,000] .
During the month of December 2019, Moe's Mowing, Inc. incurred the following transactions.1. Record the business transactions in the respective T-accounts.a) To begin operations, the owner deposited $15,000 cash in the business's bank account. The business received the cash and issued shares to the owner.Blank 1 Question 13[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be debited by $15,000Blank 2 Question 13[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be credited by $15,000.b) The business paid $750 cash in utilities expense.Blank 3 Question 13[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be debited by $750Blank 4 Question 13[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be credited by $750.c) The business purchased equipment for $2,150 on account payable.Blank 5 Question 13[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be debited by $2,150Blank 6 Question 13[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be credited by $2,150.d) The business provided $3,100 of services to a customer on account receivable.Blank 7 Question 13[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be debited by $3,100Blank 8 Question 13[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be credited by $3,100.e) The business purchased supplies inventory for $600 cash.Blank 9 Question 13[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be debited by $600Blank 10 Question 13[select: , Cash, Accounts receivable, Supplies inventory, Equipment, Accounts payable, Shares capital, Utilities expense, Services revenue] account should be credited by $600.2. The balance of the Cash account on December 31, 2019, is Blank 11 Question 13[select: , Debit by $15,000, Debit by $14,600, Debit by $13,650, Debit by $11,500, Credit by $9,000] .
FlyBus Question 3: How much in total is added to the left side of your T-account for Work in Process (said another way, how much is added to Work in Process)? (round to the nearest whole number)
Stan Smith purchased $8,000 of supplies on credit for his company. Show how to record this transaction to the T-accounts by selecting the correct answer below.
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