Indicate the Account(s) to Be Debited and Credited to Record

question 98

Multiple Choice

Indicate the account(s) to be debited and credited to record the following transactions.
-The business provided services on credit.
Debit ________ Credit ________

• A)Cash
• B)Accounts receivable
• C)Allowance for doubtful accounts
• D)Merchandise inventory
• E)Store supplies
• F)Store equipment
• G)Accumulated depreciation
• H)Notes payable
• I)Accounts payable
• J)John Partner's, Capital
• K)Joy Partner's, Capital
• L)John Partner's, withdrawals
• M)Joy Partner's, withdrawals
• N)Income summary
• O)Service revenue
• P)Gain on realization
• Q)Loss on realization

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Definitions:

Negligence

The failure to take proper care in doing something, leading to damage or harm to another.

Malpractice

Negligence, incompetence, or unethical behavior by a professional, especially in medicine, leading to harm or injury.

Licensed Professional

An individual who has been granted permission to practice a particular profession by a recognized authority.

Chest Compressions

A critical component of cardiopulmonary resuscitation (CPR), involving pressing down on the chest of a cardiac arrest victim to maintain blood flow.