Miley Block Is a Building Consultant

question 197

Essay

Miley Block is a building consultant. Shown below are (a) several accounts in her ledger with each account preceded by an identification number, and (b) several transactions completed by Block. Indicate the accounts debited and credited when recording each transaction by placing the proper account identification numbers to the right of each transaction.
$\begin{array}{l}\begin{array} { l | l | r | l } { \text { 1. } } & \text { Accounts Payable } & \text { 7. } & \text { Telephone Expense } \\\hline \text { 2. } & \text { Accounts Receivable } & 8 . & \text { Unearned Revenue } \\\hline 3 . & \text { Cash } & 9 . & \text { Miley Block, Capital } \\\hline 4 . & \text { Consulting Fees Earned } & 10 . & \text { Miley Block, Withdrawals } \\\hline 5 . & \text { Office Supplies } & 11 . & \text { Insurance Expense } \\\hline 6 . & \text { Office Supplies Expense } & 12 . & \text { Prepaid Insurance }\end{array}\\\begin{array} { l | l | c | l } & & \text { Debit } & \text { Credit } \\\hline & \text { Example: } & 2 & 4 \\\hline & \begin{array} { l } \text { Completed consulting work for a client } \\\text { who will pay at a later date. }\end{array} & & \\\hline \text { A. } & \begin{array} { l } \text { Received cash in advance from a } \\\text { customer for designing a building }\end{array} & & \\\hline \text { B. } & \text { Purchased office supplies on credit. } & & \\\hline \text { C. } & \text { Paid for the supplies purchased in B. } & & \\\hline\end{array}\end{array}$
$$\begin{array} { l | l | l | l } \hline \text { D. } & \begin{array} { l } \text { Received the telephone bill of the } \\\text { business and immediately paid it. }\end{array} &\quad\quad &\quad\quad \\\hline \text { E. } & \text { Paid for a 3-year insurance policy } & &\end{array}$$

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Definitions:

Currency Field

A database or form field designed specifically to hold monetary values in various currencies.

Table Datasheet View

A spreadsheet-like view that displays the data in a table format, often found in database and spreadsheet applications.

Single-Value Lookup Field

A database column that matches a single value from one table to a corresponding value in another table, facilitating data retrieval.

Gender

The range of characteristics pertaining to, and differentiating between, masculinity and femininity.