What would be the correct Debit Account and Credit Account f
What would be the correct Debit Account and Credit Account for the following?
Pay cash for delivery van:
Covert a Long-term liability into common stock
Declared a cash dividend
Paid Cash Dividends
Received cash for services performed
Pay off Short-term liability
Purchase office equipment, giving a percentage promissory note
Disbursed Salaries and Wages
Invest Cash in Exchange for Common stock
Purchased equipment by signing a 3-month 12%, note payable
Receives cash in advance for service TO BE Performed
Pays Rent
Preforms services and no yet paid
Depreciation
Solution
Pay cash for delivery van
Covert a Long-term liability into common stock
Declared a cash dividend
Paid Cash Dividends
Received cash for services performed
Pay off Short-term liability
Purchase office equipment, giving a percentage promissory note
Disbursed Salaries and Wages
Invest Cash in Exchange for Common stock
Purchased equipment by signing a 3-month 12%, note payable
Receives cash in advance for service TO BE Performed
Pays Rent
Preforms services and no yet paid
Depreciation
| delivery van | - | |
| To Cash | - | |
