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

question 7

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
-Borrowing cash

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Definitions:

Crashing

Shortening activity time in a network to reduce time on the critical path so total completion time is reduced.

Network

A collection of interconnected devices or people that exchange data, resources, or communications.

PERT Analysis

Program Evaluation and Review Technique; a project management tool used to plan, schedule, and control complex tasks.

Critical Path

The sequence of stages determining the minimum time needed to complete a project, often identifying bottlenecks or delays.