Provide an Explanation for the Following Journal Entries

question 68

Short Answer

Provide an explanation for the following journal entries:
a) Prepaid Rent debited, Cash credited
b) Office supplies debited, Cash credited
c) Cash debited, Capital credited
d) Utility expense debited, Cash credited
e) Accounts Payable debited, Cash credited

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Definitions:

Easygoing

Describes someone or something that is relaxed, calm, and not easily upset or disturbed.

Written Copy

Text that has been transcribed or printed from one medium to another, often referring to a replicated document or manuscript.

Active Listening Skills

A technique of listening that involves paying full attention, understanding, responding, and remembering what is being said.

Nonverbal Skills

Abilities related to understanding and expressing oneself without the use of spoken language, including gestures, facial expressions, and body language.