For Each Transaction Provided, Choose the Appropriate Account from the List

question 201

Short Answer

For each transaction provided, choose the appropriate account from the list that would receive a debit entry as a result of the transaction. (Choices may be used more than once.)
a.Cash
b.Accounts receivable
c.Supplies
d.Prepaid insurance
e.Land
f.Equipment
g.Accounts payable
h.Unearned revenues
i.Notes payable
j.Common stock
k.Retained earnings
l.Service revenue
m.Salary expense
n.Insurance expense
o.Utilities expense
p.Dividends
-Providing services to customers for credit

---

Definitions:

Strategic Planners

Professionals who develop strategies for organizations, focusing on long-term goals and competitive positioning.

Highly Categorized

The state of being organized into precise and clearly identified groups for ease of analysis or understanding.

Minimally Regressive

Pertaining to policies or tax systems that have the least impact on those with lower income, ensuring the financial burden does not disproportionally affect them.

Broadly Universal

Describing concepts, principles, or beliefs that are widely accepted or applied across various cultures and situations.