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Adjustments and Closing Process-Basic Entries
Selected Ledger Accounts Used by Speedy

question 58

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Adjustments and closing process-basic entries
Selected ledger accounts used by Speedy Truck Rentals, Inc., are listed along with identifying numbers. Following this list of account numbers and titles is a series of transactions. For each transaction, you are to indicate the proper accounts to be debited and credited.
$\begin{array} { | l | l | l | l | l | l | } \hline 1 & \text { Cash } & 22 & \text { Notes Payable } & 41 & \text { Truck Rental Revenue } \\\hline 2 . & \text { Accounts Receivable } & 23 & \text { Dividends Payable } & 51 & \text { Advertising Expense } \\\hline 3 & \text { Office Supplies } & 24 & \text { Income Taxes Pay. } & 52 & \text { Office Supplies Expense } \\\hline 4 & \text { Unexpired Insurance } & 25 & \text { Unearned Revenue } & 53 & \text { Rent Expense } \\\hline 5 & \text { Trucks } & 31 & \text { Capital Stock } & 54 & \text { Insurance Expense } \\\hline 6 & \text { Accumulated Depr. } & 32 & \text { Retained Earnings } & 55 & \text { Depreciation Expense: } \\\hline & \text { Trucks } & 33 & \text { Dividends } & & \text { Trucks } \\\hline 21 & \text { Accounts Payable } & 35 & \text { Income Summary } & 56 & \text { Income Taxes Expense } \\\hline & & & & & \\\hline\end{array}$ $Adjustments and closing process-basic entries Selected ledger accounts used by Speedy Truck Rentals, Inc., are listed along with identifying numbers. Following this list of account numbers and titles is a series of transactions. For each transaction, you are to indicate the proper accounts to be debited and credited. \begin{array} { | l | l | l | l | l | l | } \hline 1 & \text { Cash } & 22 & \text { Notes Payable } & 41 & \text { Truck Rental Revenue } \\ \hline 2 . & \text { Accounts Receivable } & 23 & \text { Dividends Payable } & 51 & \text { Advertising Expense } \\ \hline 3 & \text { Office Supplies } & 24 & \text { Income Taxes Pay. } & 52 & \text { Office Supplies Expense } \\ \hline 4 & \text { Unexpired Insurance } & 25 & \text { Unearned Revenue } & 53 & \text { Rent Expense } \\ \hline 5 & \text { Trucks } & 31 & \text { Capital Stock } & 54 & \text { Insurance Expense } \\ \hline 6 & \text { Accumulated Depr. } & 32 & \text { Retained Earnings } & 55 & \text { Depreciation Expense: } \\ \hline & \text { Trucks } & 33 & \text { Dividends } & & \text { Trucks } \\ \hline 21 & \text { Accounts Payable } & 35 & \text { Income Summary } & 56 & \text { Income Taxes Expense } \\ \hline & & & & & \\ \hline \end{array}$

Identify the elements required to prove a negligence case.

Comprehend the legal duties of care in various situations.

Distinguish between different types of tort liabilities and their applicability.

Recognize the role and interpretation of causation in negligence cases.

Definitions:

Airline Companies

Businesses that provide air transport services for traveling passengers and freight.

Tickets

Documents or electronic codes that grant the holder a right to enter a venue, travel on a vehicle, or participate in an event.

Tying Arrangement

A business practice where a seller requires the purchase of a secondary product or service in addition to a primary product or service.

Vacuum Cleaners

Electrical appliances used for cleaning floors and other surfaces by suctioning up dust and dirt.

Adjustments and Closing Process-Basic Entries Selected Ledger Accounts Used by Speedy

Definitions:

Adjustments and Closing Process-Basic Entries
Selected Ledger Accounts Used by Speedy