(14 points) David Roberts is a real estate appraiser. Shown below are (a) severa
ID: 2431338 • Letter: #
Question
(14 points) David Roberts is a real estate appraiser. Shown below are (a) several accounts in his ledger with each account preceded by an identification number, and (b) several transactions completed by Roberts. Indicate the accounts debited and credited when recording each transaction by placing the proper account identification numbers to the right of each transaction. 1. Accounts Payable 2. Accounts Receivable 3. Appraisal Fees Earned 4. Cash 5. Insurance Expense 6. Office Equipment 7. Office Supplies 8. Office Supplies Expense 9. Prepaid Insurance 10. Salaries Expense 11. Telephone Expense 12. Unearned Appraisal Fees 13. David Roberts, Capital 14. David Roberts, Withdrawals Debit Credit Example Completed an appraisal for a client who promised to pay at a later date. A. Received cash in advance for appraising an B. Purchased office supplies on credit... C. David Roberts used cash from the business to pay his home telephone bill. There were no business calls on the bill.. D. Received the telephone bill of the business and immediately paid it. E. Paid the salary of the office assistant..... F. Paid for the supplies purchased G. Completed an appraisal for a client and immediately collected cash for the work done...Explanation / Answer
Identify :
Debit credit A Received cash in advance for appraising an office building 4 12 B Purchase office supplies on credit 7 1 C David roberts used cash from the bussiness to pay his home telephone bill. There is no business calls on the bill 14 4 d. Received the telephone bill of the business and immediately paid it 11 4 E. Paid the salary of the office assistant 10 4 F. Paid for the supplies purchase in transaction B 1 4 G Completed an appraised for a client and immediately collected cash for the work done 4 3Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.