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

question 59

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
-Paying for items previously purchased on credit

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Definitions:

Bad News

Information or updates that are negative, undesirable, or disappointing to the receiver.

Routine Messages

Communications that are ordinary and recurring, often following a standard format, used in daily business operations.

Employee's Permanent Record

A collection of documents and information retained by an employer that detail an employee's work history and performance.

Letter of Recommendation

A document written to endorse an individual's skills, character, and achievements, typically for employment or academic applications.