Under a Double-Entry System Show How the Entry in Each $\quad$

question 16

Essay

Under a double-entry system show how the entry in each statement is entered in the ledger by using debit or credit to indicate the increase or decrease in the affected account. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$ Debit or Credit
1. An increase in Salaries and Wages Expense. $\quad$$\quad$$\quad$$\quad$$\quad$$\underline{\quad\quad\quad}$
2. Adecrease in Accounts Payable. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\underline{\quad\quad\quad}$
3. An increase in Prepaid Insurance. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\underline{\quad\quad\quad}$
4. An increase in Owner's Capital. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\underline{\quad\quad\quad}$
5. A decrease in Supplies. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\underline{\quad\quad\quad}$
6. An increase in Owner's Drawings. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\underline{\quad\quad\quad}$
7. An increase in Service Revenue. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\underline{\quad\quad\quad}$
8. A decrease in Accounts Receivable. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\underline{\quad\quad\quad}$
9. An increase in Rent Expense. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\underline{\quad\quad\quad}$
10. A decrease in Equipment. $\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\quad$$\underline{\quad\quad\quad}$

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Definitions:

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The use of symbols or abbreviations to represent objects, operations, relations, or concepts in various fields.

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The increase in expenditure by individuals, organizations, or governments.

Atomic Components

The fundamental parts that make up a molecule or substance, typically referring to atoms in chemistry.