Question 3 Not checked Marked out of 24.00 Take me to the text For the following

Question

Question 3 Not checked Marked out of 24.00 Take me to the text For the following transactions, fill in the table by selecting the two accounts related to each transaction each transaction, two ounts ffect heet ounts before i statement ounts. If both ounts are balance she accounts, list them in the order they appear on a balance sheet prepared under ASPE. Forexample, if the transaction impacts the cash account, cash Flag question would always appear first. Please select the appropriate choice based on the above instructions Balance sheet accounts should be listed If the cash account is impacted, it should appear income statement accounts Transaction Account 1 Account 2 Invested cash in the business. Purchased service automobile for business use Collected cash for services provided today Provided services this week on credit. Paid operating expenses in cash. Received a bill for operating expenses incurred this week. Received a loan from the bank. Collected cash from a customer for services provided previously Paid monthly salaries to employees with cash Incurred operating expenses this week, to be paid next month Paid cash for expenses incurred previously Received cash in advance for the service to be provided next month. Check Cash Owner's Capital Note: The "check" button does not submit your attempt. To submit the attempt, go to the end of the quiz and click on the "submit all and finish button.

Explanation / Answer

Transaction Account 1 Account 2 Invested cash in the business Cash Owners Capital Purchased service automobile for business use Automobile Cash Collected cash for services provided Cash Service Revenue Provided services this week on credit Accounts Receivable Service Revenue Paid operating expenses in cash Operating Expenses Cash Received a bill for operating services incurred this week Operating Expenses Accounts Payable Received a loan from the bank Cash Loan Payable Collected cash from a customer for services provided for services provided previously Cash Accounts Receivable Paid monthly salaries to employees with cash Salary Expense Cash Incurred operating expenses this week, to be paid next month Operating Expenses Accounts Payable Paid cash for expenses incurred previously Accounts Payable Cash Received cash in advance for the service to be provided next month Cash Unearned Revenue

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.