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

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Definitions:

ROM

Read-Only Memory, a type of non-volatile storage that is used to hold permanent data and instructions for electronic devices.

RAM

Random Access Memory, a form of computer data storage that allows stored data to be accessed in any order, typically used for storing working data and machine code.

Digital Scanners

Devices that convert physical documents or images into digital format, enabling electronic storage, manipulation, and sharing.

Digital Images

Images that are encoded in a digital format, allowing them to be stored, viewed, and edited on a computer.