2. All of the following accounts have normal debit balances except for a. Cash b. Salaries c. Capital d. Accounts Receivable 2
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- question b: (...) amount in accounts receivable?Identify the normal balance (debit [Dr] or credit [Cr]) for each of the following accounts: __________ Note Receivable. _______ Accounts Payable.Use the following T-account for Careful Corporation to answer questions 11 and 12: Accounts Receivable Beg. Bal. $ 187 18 150 6 64 15 19 End. Bal. $ ? The ending balance of Accounts Receivable for Careful is: Group of answer choices A. $401 debit B. $343 debit C. $343 credit D. $ 58 credit
- All transactions entered in this window result in a debit to the Accounts Receivable account. a. Invoice b. Undeposited Funds c. Accounts Payable d. Cash01 : - What are Accounts Receivable — AR ? - What are Importance of Accounts Receivable ?ME6Which of the following entries records the payment of an account payable? a) Debit Accounts Payable, credit Cashb) Debit Cash, credit Accounts Payable c) Debit Expense, credit Cashd) Debit Cash, credit Expense
- Which account is least likely to be debited when revenueis recorded?a. Accounts Payableb. Accounts Receivablec. Cashd. Unearned RevenueWhich of the following accounts has a normal credit balance? a. Accounts Receivable b. Yura Wun, Capital X c. Supplies Expense d. CopyrightsWhich one of the four methods of payments creates an accounts receivable? Select one: a. cash in advance b. open account c. draft d. letter of credit
- 1. What is the formular for Accounts Recieveables? 2. What is the formular for Accounts Payable?11.What is the normal balance in each of these accounts? (Use the following abbreviations to answer this question; D - Debit , C- Credit) ..Bank deposit ..Accounts payable ..Capital ..Retained earnings 5- .Accounts receivable 1.. 6-. . .Cash 7- . 2- . 3-. .Inventory . Prepaid insurance . Bank loan 8-. 4-.... 9. 10-. . Sales revenue 12.Classify the items listed (1 to 5) under the following balance sheet headings: A- Assets L- Liabilities SE- Shareholders' Equity 1 .Cash 2 . 3-. . .Capital .Equipment .Accounts payable ..Retained earnings 4-. 5 .a. Show the journal entry to record the uncollectible accounts. b. How much will the balance sheet show as the net realizable value of the accounts receivable