Please help with questions 1420 please explain the answers t

Please help with questions 14-20, please explain the answers that partain to the question! Thank you!

Use the following to answer questions 10-13 Indicate which of the following accounts should be debited and which should be credited. An example has beern provided (ex). Purchase Office Supplies in exchange for cash Debit : N (Supplies) Credit: C(Cash ..s.ee below. Only include the letter of the account not the account name. A. Accounts payable E.Dividends C Cash ts receivable Dividends 8. Accounts receivable F. Equipment L Rent expense J. Retained earnings K. Salaries expense L. Salaries payable M. Service revenue N. Supplies O. Utilities expense G. Notes payable H. Prepaid rent D. Common stock Account Debited Account Credited ex Purchese Office Supplies in exchonge for cash 10. Incurred the rent for the office which had already been paid. 11. Utility invoice arrived in the mail; will pay it next week 12. Purchased equipment and will make 60 monthly payments 13. Paid salaries that had been incurred last week Use the following to answer questions 14-20 Post each transaction to the T-accounts below and compute the ending balances of each account. The beginning balances are shown in the T accounts. NOTE: The accounts are only a partiall listing of the company\'s Chart of Recorded transactions to be posted Credit Debit Cred 4,000 4 Accounts receivable 1 Deferred revenue Service revenue 2 Accounts payable 4,000 Service revenue 5 Cash 9,000 Cash 2,000 Accounts receivable 9,000 6 office Supplies Cash 3 Advertising expense 6,000 150 Accounts payable 6,000 150 Following are some (not all) of the accounts for the company: Office Supplies 25 Cash A/R A/P 15,000 4,000 8,000 Deferred Revenue Service Revenue Advertising Expense 6,500 14. S What is the ending balance in the Cash account? 15. What is the ending balance in the A/R account? Chapter 2 Spring 2018 Page 2-8

Solution

total

24000

by bal c/d (bal fig.)

total

21850

24000

total

11000

by bal. c/d (bal fig.)

total

2000

11000

to bal c/d (bal. fig)

total

12000

14000

total

All the bold and underlined figures are the closing balances of the respective accounts.

14. CASH ACCOUNT

Particulars	dr.	Particulars	cr.
To balance bd	15000	by account payable (creditors paid in cash)	2000
to account receivable(cash received from debtor)	9000	by office supply (purchase of office supply)	150
total	24000	by bal c/d (bal fig.) total	21850 24000