Handout 0.1 CH1 Accounts Which accounts are affect you purchise a machinery with

Question

Handout 0.1 CH1 Accounts Which accounts are affect you purchise a machinery with ash,which accounts are aftedted? cas If you reanive a bill from If you took some money to take out your of for your anniversary, which accounts are affected? B time warner cable, which accounts are affected? If you prowised a vervice to aust omers and they pad you right away,which acounts awe aftectes? Cos r you pad a bill leoaved betore from Comcat, which accounts are aflected? A Jp t you provided a service to a customer and they promise to pay you next week which accounts are affected? G If ustomers who owed you money before, pay you today, which accounts are If a vendor sold you tape on acount, whidh accounts are affected? If you deaide to st art your own A with your own cash, which accounts are affected?D and equipment with cash, which accounts are afect If you paid the vendor for the amount you owe them belore, which accounts are affect f' the austomer paid you what they owe you from a previous transaction, which accounts are affected? f you purchase equipment on account, which accounts are affected? CR Eu

Explanation / Answer

Transactions

Affected Accounts

A

Cash (Down), Machinery (UP)

B

Accounts payable (UP)

C

Cash (Down), Withdrawals (UP)

D

Cash (UP), Service revenue (UP)

E

Accounts payable (Down), Cash (Down)

F

Accounts receivable (UP), Service revenue (UP)

G

Cash (UP), Accounts receivable (Down)

H

Accounts payable (UP), Tape (UP)

I

Cash (UP), Capital (UP)

J

Cash (Down), Supplies (UP), Equipment (UP)

K

Accounts payable (Down), Cash (Down)

L

Cash (UP), Accounts receivable (Down)

M

Equipment (UP), Accounts payable (UP)

N

Cash (Down), Accounts payable (Down)

Transactions

Affected Accounts

A

Cash (Down), Machinery (UP)

B

Accounts payable (UP)

C

Cash (Down), Withdrawals (UP)

D

Cash (UP), Service revenue (UP)

E

Accounts payable (Down), Cash (Down)

F

Accounts receivable (UP), Service revenue (UP)

G

Cash (UP), Accounts receivable (Down)

H

Accounts payable (UP), Tape (UP)

I

Cash (UP), Capital (UP)

J

Cash (Down), Supplies (UP), Equipment (UP)

K

Accounts payable (Down), Cash (Down)

L

Cash (UP), Accounts receivable (Down)

M

Equipment (UP), Accounts payable (UP)

N

Cash (Down), Accounts payable (Down)

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