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For Each Transaction, Identify Which Account Is Debited and Which

question 42

Essay

For each transaction, identify which account is debited and which account is credited. Use proper account titles.
 Transaction  Debit  Credit  Received a bill for utilities to be  paid next month  Performed services on account  Paid cash for a 12-month  insurance policy, coverage  tarting next month  Paid rent for the current month  Borrowed cash from the bank for  business use; a note was signed \begin{array} { | l | l | l | } \hline { \text { Transaction } } & \text { Debit } & \text { Credit } \\\hline \text { Received a bill for utilities to be } & & \\\text { paid next month } & & \\\hline \text { Performed services on account } & & \\\hline \text { Paid cash for a 12-month } & & \\\text { insurance policy, coverage } & & \\\text { tarting next month } & & \\\hline \text { Paid rent for the current month } & & \\\hline \text { Borrowed cash from the bank for } & & \\\text { business use; a note was signed } & & \\\hline\end{array}

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Definitions:

Active Listening

A communication technique that involves giving full attention to the speaker, understanding their message, providing feedback, and responding appropriately.

Echoing

The repetition or imitation of sounds, words, or phrases, often used as a communication technique or learning method.

Clarifying

The process of making a statement or situation less confused and more comprehensible.

Genuineness

The quality of being authentic, sincere, and honest in one's feelings and actions.

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