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:

Input Torque

The torque applied to a system or component, often measured to understand the mechanical power required to operate a device or machinery.

Armature Excitation

The process of applying voltage to the armature winding of a generator or motor, which induces magnetic fields and enables motion or power generation.

Cumulative-compound

A term that could be misinterpreted outside a specific context; without additional information, it suggests a complex or combined effect or entity, possibly accumulating over time. NO

Shunt Field

A magnetic field created by a shunt winding in electrical machinery, used for regulation of the machinery's operation.