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Journalizing

Quiz by Lorie Blevins

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6 questions
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  • Q1
    Received Cash from owner as an investment, $10000.00 (Which account is Debited?)
    Cash
    Lorie Blevins, Capital
    Accounts Receivable, Lorie Blevins
    Lorie Blevins, Drawing
    30s
  • Q2
    Paid Cash for Insurance, $200.00 (Which Account is Debited?)
    Accounts Rec. Supplies Products
    Lorie Blevins, Drawing
    Prepaid Insurance
    Cash
    30s
  • Q3
    Bought Supplies on Account from Superior Products, $1000 (Which account is debited?)
    Supplies
    Accounts Receivable, Superior Supplies
    Prepaid Insurance
    Cash
    30s
  • Q4
    Paid Cash for Supplies, $200 (Which Account is Debited?)
    Cash
    Supplies
    Accounts Rec. Super Supplies
    Lorie Blevins, Capital
    30s
  • Q5
    Paid Cash on account to Superior Supplies, $400 (Which account is debited?)
    Lorie Blevins, Drawing
    Accounts Pay-Superior Supplies
    Accounts Rec- Paper Supplies
    Cash
    30s
  • Q6
    Paid cash to owner for personal use, $500 (Which account is debited?)
    Rent Expense
    Cash
    Lorie Blevins, Drawing
    Lorie Blevins, Capital
    30s

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