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}$

---

Definitions:

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, arising from a traumatic event or persistent failure to succeed, leading to a belief that one's actions have no effect on the environment.

Learned Optimism

The concept that optimism can be cultivated by changing negative thought patterns, thereby improving one's outlook on life and resilience to stress.

Hostility Component

A facet of aggression or anger that involves feelings of antagonism and the desire to harm or oppose others.

Aggressive Personality

This refers to a type of personality characterized by a predisposition towards aggressive behaviors and thoughts, often resulting in confrontations or conflicts with others.