The effect of the following "Ali invested $5000 cash & $6000 equipments in Business" is +5000 in cash , +6000 in equipments and +11000 in ......................
3
45 sec
Q.
The effect of the following transaction on Owner's Equity "Purchased Truck on Account $25000" is
4
45 sec
Q.
The normal balance (increase) for Service Revenues is ....................
5
45 sec
Q.
The entry to record "Paid Rent for May, $1000".... Dr. Rent Expenses $1000 and Cr. ..............................
6
45 sec
Q.
Visa Card is recorded as
7
45 sec
Q.
"Sold tickets $4000, by American Express Card, the services charge is 2%". The Credit card expense = $.................
8
45 sec
Q.
When "Sold goods on account": Dr. ........................... and Cr. Sales Revenue
