Given the Following Accounts, Identify Which Account(s), by Letter, Would

question 70

Essay

Given the following accounts, identify which account(s), by letter, would be debited or credited for the following transactions.
A. Cash
B. Accounts Receivable
C. Supplies
D. Computer Equipment
E. Accounts Payable
F. Fees Revenue
G. Marketing Expense
H. Salaries Expense
I. Internet Expense
J. Office Equipment
K. Common Shares
L. Rent Expense
1. Purchased supplies on account.
2. Purchased computer equipment for cash.
3. Earned revenue from doing tax returns on account.
4. Paid this month's rent.
5. Paid a bill due on account.
6. Collected payment from a customer.
7. Invested additional cash into the business.
8. Paid the marketing bill.
9. Earned revenue from doing tax returns for cash.
10. Paid salaries in cash.
11. Purchased office equipment on account.

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Definitions:

Tapeworms

Parasitic flatworms that live in the digestive tracts of vertebrates, absorbing nutrients from the host's intestine.

Proglottids

Segments that make up the body of a tapeworm, each capable of producing eggs and contributing to the reproductive cycle.

Scolex

The head region of a tapeworm, containing suckers or hooks for attaching to the host's intestinal wall.

Nematocyst

A specialized cell in the tentacles of a jellyfish or other cnidarians, containing a barbed or venomous coiled thread that can be projected in self-defense or to capture prey.