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

question 112

Multiple Choice

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.)
-paying for items previously purchased on credit

• 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 Shares
• K)Retained Earnings
• L)Service Revenue
• M)Salary Expense
• N)Insurance Expense
• O)Utilities Expense
• P)Dividends

---

Definitions:

Japanese Yen

The official currency of Japan, symbolized as ¥ and known in currency markets as JPY.

Appreciates

Increases in value over time, often used in context with investments, currencies, and assets.

US Customers

Individuals or entities within the United States who purchase goods or services.

US Dollar Depreciates

US Dollar depreciates refers to the decline in the value of the US Dollar relative to other currencies, which can affect international trade and economic relationships.