1
answer
0
watching
187
views

David Roberts is a real estate appraiser. Shown below are (a)several accounts in his ledger with each account preceded by anidentification number, and (b) several transactions completed byRoberts. Indicate the accounts debited and credited when recordingeach transaction by placing the proper account identificationnumbers to the right of each transaction.

‎1) AccountsPayable
2) Accounts Receivable
3) Appraisal Fees Earned
4) Cash
5) Insurance Expense
...6) Office equipment
7) Office Supplies
8) Office suppliies expense
9) Prepaid insurance
10) Salaries Expense
12) unearned appraisal fees
13) David Roberts, Capital
14) David Roberts Withdrawals



Example:
Completed an appraisal for a client who
promised to pay at a later date.
A. Received cash in advance for appraising an
office building.
B. Purchased office supplies on credit.
C. David Roberts used cash from the business to pay
his home telephone bill. There were no business
calls on the bill.
D. Received the telephone bill of the business and
immediately paid it.
E. Paid the salary of the office assistant.
F. Paid for the supplies purchased
in transaction B.
G. Completed an appraisal for a client and
immediately collected cash for the work done.



For unlimited access to Homework Help, a Homework+ subscription is required.

Irving Heathcote
Irving HeathcoteLv2
28 Sep 2019

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in

Weekly leaderboard

Start filling in the gaps now
Log in