Using the Accounts Below, Determine the Accounts to Be Debited

question 112

Essay

Using the accounts below, determine the accounts to be debited and credited for each of the transactions below.
Accounts
Cash
Dividends
Supplies
Revenue
Machinery
Salaries Payable
Accounts Payable
Salaries Expense
Retained Earnings
Accounts Receivable
Wages Expense
Transactions
1. Paid wages for cash.
2. Purchased equipment for cash.
3. Earned revenue on account.
4. Purchased supplies on account.
5. Paid for supplies purchased in 4.
6. Received payment from customer in 3.
7. Paid employee salaries.
8. Purchased machinery on credit.
9. Paid dividends to shareholders.

---

Definitions:

Mentally Simulating

The process of imagining or recreating experiences in the mind, often used as a method of learning or preparing for actual events.

Modeling

A method of learning that involves observing and imitating others.

Online Videos

Digital video content available on the internet, which can be accessed on demand through various platforms and devices.

Observational Learning

Learning that occurs by observing the behavior of others and the outcomes of those behaviors.