1, 2. 4. nyLCC fn Course: OST-153-IN Office Finan X * CengageNOWv2 | Online teachin X .com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true 巴 In the columns below, insert the entry that would be made for each transaction under each accounting basis, using appropriate debit and credit account titles. Performed services on account. 2. Supplies are partly used. 3. Purchased one-year insurance policy for cash. 4. Received bill for electricity. 5. Depreciation on equipment. 6. Purchased equipment on account. 7. Paid cash for wages. 8. Paid for equipment purchased on account. Performed services for cash. 10. Paid cash for new equipment. Cash Basis Modified Cash Basis Accrual Basis Debit Credit Debit Credit Debit Credit 3. 5. 19 5:43 PM 10/31/20. 110 144 to 6) 114

1, 2. 4. nyLCC fn Course: OST-153-IN Office Finan X * CengageNOWv2 | Online teachin X .com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true 巴 In the columns below, insert the entry that would be made for each transaction under each accounting basis, using appropriate debit and credit account titles. Performed services on account. 2. Supplies are partly used. 3. Purchased one-year insurance policy for cash. 4. Received bill for electricity. 5. Depreciation on equipment. 6. Purchased equipment on account. 7. Paid cash for wages. 8. Paid for equipment purchased on account. Performed services for cash. 10. Paid cash for new equipment. Cash Basis Modified Cash Basis Accrual Basis Debit Credit Debit Credit Debit Credit 3. 5. 19 5:43 PM 10/31/20. 110 144 to 6) 114

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 8EB: Identify the normal balance for each of the following accounts. Choose Dr for Debit; Cr for Credit....

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