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Determine the debit and credit of a typical transaction

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Reference no: EM132512082

Question 1 : How do you determine the debit and credit of a typical transaction?

Question 2 : What is the adjusting entry for unpaid salaries?

Question 3 : What is the adjusting entry for merchandise inventory?

Question 4 : What is the adjusting entry for insurance?

Question 5 : What is the adjusting entry for bad debt, using the allowance method?

Question 6 : What are the four closing entries?

Question 7 : How do you journalize petty cash transactions?

Question 8 : How do you record the payment of an invoice with a discount?

Question 9 : How do you journalize cash short and over transactions?

Question 10 : How do you write off an account recivable using the direct method of acounting for bad debt?

Question 11 : How do you journalize the purchase of inventory using the perpetual method of accounting for inventory?

Question 12 : What are the amounts added to and subtracted from teh bank balance for a bank reconciliation?

Question 13 : How do you journalize the sale of merchandise on account?

Reference no: EM132512082

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