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    101 Assignment

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    Danilo Diniay Jr
    Here are the types of accounts for the letters provided: a. Asset b. Revenue c. Asset d. Owner's Equity - Capital e. Revenue f. Asset g. Liability h. Asset i. Expense j. Asset k. Revenue l. Revenue m. Owner's Equity - Withdrawals n. Expense o. Liability p. Asset q. Revenue r. Liability s. Revenue t. Liability u. Asset v. Asset w. Revenue

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    101 Assignment

    Uploaded by

    Danilo Diniay Jr
    78 views7 pages
    Here are the types of accounts for the letters provided: a. Asset b. Revenue c. Asset d. Owner's Equity - Capital e. Revenue f. Asset g. Liability h. Asset i. Expense j. Asset k. Revenue l. Revenue m. Owner's Equity - Withdrawals n. Expense o. Liability p. Asset q. Revenue r. Liability s. Revenue t. Liability u. Asset v. Asset w. Revenue

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    Here are the types of accounts for the letters provided: a. Asset b. Revenue c. Asset d. Owner's Equity - Capital e. Revenue f. Asset g. Liability h. Asset i. Expense j. Asset k. Revenue l. Revenue m. Owner's Equity - Withdrawals n. Expense o. Liability p. Asset q. Revenue r. Liability s. Revenue t. Liability u. Asset v. Asset w. Revenue

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    78 views7 pages

    101 Assignment

    Uploaded by

    Danilo Diniay Jr
    Here are the types of accounts for the letters provided: a. Asset b. Revenue c. Asset d. Owner's Equity - Capital e. Revenue f. Asset g. Liability h. Asset i. Expense j. Asset k. Revenue l. Revenue m. Owner's Equity - Withdrawals n. Expense o. Liability p. Asset q. Revenue r. Liability s. Revenue t. Liability u. Asset v. Asset w. Revenue

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 7

    Name: Danilo Q. Diniay Jr.

    BSA-2

    Problem #2

    Accounts Elements Increase Decrease


    a. Service Revenues Income credit debit
    b. Withdrawals Owner’s Equity credit debit
    c. Utilities Expense Expenses debit credit
    d. Rent Expense Expenses debit credit
    e. Cash in Bank Asset debit credit
    f. Trade Payables Liabilities credit debit
    g. Salaries expense Expenses debit credit
    h. Office Equipment Asset debit credit
    i. Fixture and Fittings Asset debit credit
    j. Interest Expense Expense debit credit
    k. Loans Payable Liabilities credit debit
    l. Capital Owner’s Equity credit debit
    Problem #3

    CASH Usop, Capital


    a. increase 140,000.00 100,000.00 b.decrease 140,000.00
    e.increase 10,000.00 2,000.00 d.decrease
    3,000.00 f.decrease
    5,000.00 g.decrease
    1,000.00 h.decrease
    20,000.00 i.decrease
    3,000.00 j.decrease Salaries Expense
    150,000.00 134,000.00 f.increase 3,000.00
    16,000.00

    Supplies Service Vehicle


    d.increase 2,000.00 b.increase 100,000.00
    c.increase 60,000.00
    160,000.00
    Usop, Withdrawals Fees Income
    a.decrease h. decreas 1,000.00

    Rent Expense Gasoline Expense


    g. increase 5,000.00 j.increase 3,000.00

    Accounts Payable
    i.increase 20,000.00 60,000.00 c.decrease
    40000
    Fees Income
    10,000.00 e.decrease

    Gasoline Expense
    Chart of Accounts

    Balance Sheet Accounts Income Statement Accounts


    Asset Income
    110 Cash 410 Consulting Revenues
    120 Accounts Receivable 420 Referral Revenue
    130 Building
    140 Land Expenses
    150 Prepaid Rent 510 Office Supplies Expense
    160 Office Supplies 520 Interest Expense
    170 Furniture & Fixtures 530 Salaries Expense
    180 Accu. Depreciation-building 540 Insurance Expense
    190 Accu. Depreciation-F/F 550 Rent Expense
    560 Depreciation Expense-Building
    Liabities 570 Depreciation Expense-F/F
    210 Accounts Payable 580 Miscellaneous Expense
    220 Notes Payable
    230 Interest Payable
    240 Unearned consulting Revenue

    Owner's Equity
    310 Arib, Capital
    320 Arib, Withdrawals
    330 Income Summary
    Problem #5

    Types of Account
    Owner's Equity
    Figueroa Normal Balance
    Figueroa Withdrawal
    Asset Liability Capital s Revenue Expenses Debit Credit
    a. / /
    b. / /
    c. / /
    d. / /
    e. / /
    f. / /
    g. / /
    h. / /
    i. / /
    j. / /
    k. / /
    l. / /
    m. / /
    n. / /
    o. / /
    p. / /
    q. / /
    r. / /
    s. / /
    t. / /
    u. / /
    v. / /
    w. / /

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