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:

Serbian Nationalist

A supporter of Serbian nationalism, aiming at promoting the cultural, political, or territorial interests of Serbs, often significant in the context of Balkan history.

Greater Serbia

A nationalist concept advocating for the expansion of Serbia to include territories inhabited by ethnic Serbs outside current Serbian borders, historically linked to tensions in the Balkans.

Shell Shock

A psychological condition observed in soldiers during and after World War I, now understood as a form of post-traumatic stress disorder (PTSD).

Trench Warfare

A form of land warfare using occupied fighting lines consisting largely of military trenches, prominent during World War I.