part two—analyzing transactions into debit and credit parts directions: analyze each of the following…

part two—analyzing transactions into debit and credit parts directions: analyze each of the following transactions into debit and credit parts. print the letter identifying your choice in the proper answers columns. account titles a. cash b. accts. rec.—parkview company c. supplies d. prepaid insurance e. accts. pay.—city supplies f. n. lee, capital g. n. lee, drawing h. sales i. advertising expense answers debit credit 1 - 2. received cash from owner as an investment. (p. 36) 1. ____ 2. ____ 3 - 4. paid cash for supplies. (p. 37) 3. ____ 4. ____ 5 - 6. paid cash for insurance. (p. 38) 5. ____ 6. ____ 7 - 8. bought supplies on account from city supplies. (p. 39) 7. ____ 8. ____ 9 - 10. paid cash on account to city supplies. (p. 40) 9. ____ 10. ____ 11 - 12. received cash from sales. (p. 43) 11. ____ 12. ____ 13 - 14. sold services on account to parkview company. (p. 44) 13. ____ 14. ____ 15 - 16. paid cash for advertising. (p. 45) 15. ____ 16. ____ 17 - 18. received cash on account from parkview company. (p. 46) 17. ____ 18. ____ 19 - 20. paid cash to owner for personal use. (p. 47) 19. ____ 20. ____

part two—analyzing transactions into debit and credit parts directions: analyze each of the following transactions into debit and credit parts. print the letter identifying your choice in the proper answers columns. account titles a. cash b. accts. rec.—parkview company c. supplies d. prepaid insurance e. accts. pay.—city supplies f. n. lee, capital g. n. lee, drawing h. sales i. advertising expense answers debit credit 1 - 2. received cash from owner as an investment. (p. 36) 1. ____ 2. ____ 3 - 4. paid cash for supplies. (p. 37) 3. ____ 4. ____ 5 - 6. paid cash for insurance. (p. 38) 5. ____ 6. ____ 7 - 8. bought supplies on account from city supplies. (p. 39) 7. ____ 8. ____ 9 - 10. paid cash on account to city supplies. (p. 40) 9. ____ 10. ____ 11 - 12. received cash from sales. (p. 43) 11. ____ 12. ____ 13 - 14. sold services on account to parkview company. (p. 44) 13. ____ 14. ____ 15 - 16. paid cash for advertising. (p. 45) 15. ____ 16. ____ 17 - 18. received cash on account from parkview company. (p. 46) 17. ____ 18. ____ 19 - 20. paid cash to owner for personal use. (p. 47) 19. ____ 20. ____

Answer

Explicación paso a paso:

Paso 1: Recibido efectivo del propietario como inversión

El activo de efectivo aumenta (se debe debitar) y el capital del propietario aumenta (se debe creditar).

  1. A. Cash
  2. F. N. Lee, Capital

Paso 2: Pagado efectivo por suministros

El activo de suministros aumenta (se debe debitar) y el activo de efectivo disminuye (se debe creditar). 3. C. Supplies 4. A. Cash

Paso 3: Pagado efectivo por seguro

El activo de seguro prepagado aumenta (se debe debitar) y el activo de efectivo disminuye (se debe creditar). 5. D. Prepaid Insurance 6. A. Cash

Paso 4: Comprado suministros a credito de City Supplies

El activo de suministros aumenta (se debe debitar) y la pasivo de cuentas por pagar aumenta (se debe creditar). 7. C. Supplies 8. E. Accts. Pay.—City Supplies

Paso 5: Pagado efectivo a City Supplies

El pasivo de cuentas por pagar disminuye (se debe debitar) y el activo de efectivo disminuye (se debe creditar). 9. E. Accts. Pay.—City Supplies 10. A. Cash

Paso 6: Recibido efectivo de ventas

El activo de efectivo aumenta (se debe debitar) y el ingreso de ventas aumenta (se debe creditar). 11. A. Cash 12. H. Sales

Paso 7: Venta de servicios a credito a Parkview Company

El activo de cuentas por cobrar aumenta (se debe debitar) y el ingreso de ventas aumenta (se debe creditar). 13. B. Accts. Rec.—Parkview Company 14. H. Sales

Paso 8: Pagado efectivo por publicidad

El gasto de publicidad aumenta (se debe debitar) y el activo de efectivo disminuye (se debe creditar). 15. I. Advertising Expense 16. A. Cash

Paso 9: Recibido efectivo de Parkview Company

El activo de efectivo aumenta (se debe debitar) y el activo de cuentas por cobrar disminuye (se debe creditar). 17. A. Cash 18. B. Accts. Rec.—Parkview Company

Paso 10: Pagado efectivo al propietario para uso personal

El retiro del propietario aumenta (se debe debitar) y el activo de efectivo disminuye (se debe creditar). 19. G. N. Lee, Drawing 20. A. Cash

Respuesta:

  1. A. Cash
  2. F. N. Lee, Capital
  3. C. Supplies
  4. A. Cash
  5. D. Prepaid Insurance
  6. A. Cash
  7. C. Supplies
  8. E. Accts. Pay.—City Supplies
  9. E. Accts. Pay.—City Supplies
  10. A. Cash
  11. A. Cash
  12. H. Sales
  13. B. Accts. Rec.—Parkview Company
  14. H. Sales
  15. I. Advertising Expense
  16. A. Cash
  17. A. Cash
  18. B. Accts. Rec.—Parkview Company
  19. G. N. Lee, Drawing
  20. A. Cash