Exercise 41 5 9 13 10 14 2 7 15 12 16 SolutionNo Accounts Cl

Exercise 4-1 5. 9. 13. 10. 14. 2. 7. 15 12. 16

Solution

No

Accounts

Classification of Accounts

1

Roberta Jefferson Withdrawals

Debit Column for the Balance sheet and Statement for Changes in Equity

2

Interest Income

Credit Column for the income Statement

3

Accumulated Depreciation-Machinery

Credit Column for the Balance sheet and Statement for Changes in Equity

4

Service Revenue

Credit Column for the income Statement

5

Accounts receivables

Debit Column for the Balance sheet and Statement for Changes in Equity

6

Rent Expenses

Debit Column for the income Statement

7

depreciation expenses Machinery

Debit Column for the income Statement

8

Accounts Payable

Credit Column for the Balance sheet and Statement for Changes in Equity

9

Cash

Debit Column for the Balance sheet and Statement for Changes in Equity

10

Office Supplies

Debit Column for the Balance sheet and Statement for Changes in Equity

11

Roberta Jefferson Capital

Credit Column for the Balance sheet and Statement for Changes in Equity

12

Wages Payable

Credit Column for the Balance sheet and Statement for Changes in Equity

13

Machinery

Debit Column for the Balance sheet and Statement for Changes in Equity

14

Insurance expenses

Debit Column for the income Statement

15

Interest expenses

Debit Column for the income Statement

16

Interest Receivable

Debit Column for the Balance sheet and Statement for Changes in Equity

Aacounting Equation

Assets=

Liabilities+

Owner\'s Equity

Capital-

Withdrawls+

Income-

Expenses

Accounts receivables

Accounts Payable

Roberta Jefferson Capital

Roberta Jefferson Withdrawls

Interest Income

Rent Expenses

Cash

Wages Payable

Service Revenue

depreciation expenses Machinery

Office Supplies

Accumulated Depreciation-Machinery

Insurance expenses

Machinery

Interest expenses

Interest Receivable

No	Accounts	Classification of Accounts
1	Roberta Jefferson Withdrawals	Debit Column for the Balance sheet and Statement for Changes in Equity
2	Interest Income	Credit Column for the income Statement
3	Accumulated Depreciation-Machinery	Credit Column for the Balance sheet and Statement for Changes in Equity
4	Service Revenue	Credit Column for the income Statement
5	Accounts receivables	Debit Column for the Balance sheet and Statement for Changes in Equity
6	Rent Expenses	Debit Column for the income Statement
7	depreciation expenses Machinery	Debit Column for the income Statement
8	Accounts Payable	Credit Column for the Balance sheet and Statement for Changes in Equity
9	Cash	Debit Column for the Balance sheet and Statement for Changes in Equity
10	Office Supplies	Debit Column for the Balance sheet and Statement for Changes in Equity
11	Roberta Jefferson Capital	Credit Column for the Balance sheet and Statement for Changes in Equity
12	Wages Payable	Credit Column for the Balance sheet and Statement for Changes in Equity
13	Machinery	Debit Column for the Balance sheet and Statement for Changes in Equity
14	Insurance expenses	Debit Column for the income Statement
15	Interest expenses	Debit Column for the income Statement
16	Interest Receivable	Debit Column for the Balance sheet and Statement for Changes in Equity