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

question 164

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 cash

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Definitions:

Social Assistance

Government or organizational provision of aid to individuals or groups in need, particularly for those unable to support themselves.

Sector

A distinct part of the economy or market, characterized by a specific type of activity, such as technology, healthcare, or finance.

Jobs

Positions of employment within an organization or through freelance opportunities, where individuals perform specific duties in exchange for compensation.

Ethical Challenges

Situations in which individuals or organizations must make decisions that could have significant moral implications, often involving a choice between competing values.